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29 April 2024 | 7 replies
And any other advice or tips from y’all as you started this journey would be much appreciated.
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1 May 2024 | 9 replies
She choose to take a cash offer from me with a delayed occupancy for 2 months to give her time to move out.
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30 April 2024 | 27 replies
Oh one more tip, ask specific questions, like who is going to not say “yeah im great with communication” , be wary of this trap too because you want the PMs to focus on doing their jobs rather than answering 20 emails from each investor each week, time is our most valuable resource please don’t take up too much of it, when you say “yes” to something you are also saying “no” to something else (opportunity costs)Questions to ask:- what is the eviction process like after COVID 19 in your city (ask for details and differences beforehand)- what are the city rental regulations, what is the process to obtain a rental license, how would you rate this city compared to surrounding cities on difficulty with this process and working with landlords- how do you handle late fees and payment plans, if a tenant calls and says they’re going to be 5-9 days late but have been on time for 6 months what is your response- if multis - how do you handle tenant conflicts- why do they work in property management and how did they get there- if you could invest in any city in the state where would you and why (I love this question because it will tell you if they know where the most profitable areas are for investors and ROIs and hidden costs)- how is water/water bills handled in this city
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1 May 2024 | 7 replies
You're juggling personalities and people moving in and out at different times.
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30 April 2024 | 0 replies
Moving through Stabilization rather quickly.
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30 April 2024 | 4 replies
Well I’m looking for an exit strategy for a flip I just finish and I need it to move quickly will those two make an offer for the house?
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30 April 2024 | 0 replies
House hacking now in CA and interested in moving forward with buy and holds in AZ closer to Lake Mohave and/or southern and more central TN.
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30 April 2024 | 6 replies
I have house hacked 2 single family homes in Colorado Springs, moved out with both rentals cash-flowing very modest amounts annually, and am actively looking for the next property around Allentown, PA.My 2 options: Add to my portfolio and House Hack for the 3rd timeI know that house hacking will be the easiest barrier to entry around a big down payment, has the chance for a lower APR with a primary residence loan, and I am comfortable using this strategy as I have done it twice in the last 3 years.
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1 May 2024 | 38 replies
Standalone brick and mortars like compass are the ones that are burning through money and taking it from the agent and customer it is very hard for compass to survive in those environment, as company like as big as amazon or apple move to hybrid work environment, the compass failed to grasp the spirit hence their transaction cost is so high.