Josh Mac
Any insight on Detroit?
16 February 2024 | 9 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.
Pandu Chimata
Getting rid of smell
15 February 2024 | 42 replies
I learned this by subbing to remediation companies.
Ben Pearce
House Hack Accounting Help
16 February 2024 | 6 replies
@Manuel De La Cruz Are you using the C-Corp as your property management company, only, or did you also purchase or transfer the property into the C-Corp.
Zak Cooper
Creating the ultimate Seller / Owner Financing Checklist
16 February 2024 | 5 replies
Title companies and attorneys are very wary of powers of attorney, or even notarized statements.
Michael Calderaro
Important paragraphs to look for in a laundry lease
16 February 2024 | 1 reply
Insurance coverage is another separate paragraph - typically the Lessee (laundry company) will spell out how much PL & PD insurance coverage if offered.
Matthew Griffin
Best Real Estate License Course in Georgia Article.. Which one did you use? (Opinion)
15 February 2024 | 1 reply
Curious to see the positives/negatives of some of these other mentioned companies.
Danny M.
I Just Started Out My Real Estate Journey, Here's My Story.
15 February 2024 | 10 replies
The cost of living is lower in South American countries, so I will actually be saving a higher percentage of my take-home pay there (even with travel costs) than I am currently living in the US.
Nirmal Dhillon
Looking fir reputable Family Office Service company in Sacramento Area
12 February 2024 | 1 reply
Nirmal,Go to the American Institute of Certified Tax Planners.
Chris Seveney
Easiest Predictor Of Losing Money In A Fund
15 February 2024 | 3 replies
As a reminder, Madoff "had annual audits".Part of my DD, while I do ask if a company has audits and shares them with LPs, I also ask for FULL financials: Income Statement, Balance Sheet and Statement of Cash Flows for properties through partnership level items.
Miller McSwain
Paying Cold Callers (Hourly, bonuses, etc.)
13 February 2024 | 9 replies
I don't think hiring American Callers will be the way to go, I saw that because at my current time in my business I wouldn't want to pay anymore than I need too for callers.