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23 February 2024 | 6 replies
Again, you should be able to put this into motion as long as you start a paper trail now, if you haven't done so already; you want accounts from different Tenants covering different instances in writing to show a pattern.
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24 February 2024 | 30 replies
If it needs to be bought at 40K to make sense then offer below to cover your wholesale fee
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23 February 2024 | 10 replies
It's your job as a landlord to pre-screen potential leads (gross income, credit score, evictions or not, etc) and then only schedule showings for those people that meet your screening standards.
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21 February 2024 | 6 replies
Hurry, Pre-Order Now here!
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23 February 2024 | 11 replies
All single and double-wides in existing mobile home parks (MHP's).
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23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
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23 February 2024 | 4 replies
I am having a hard time determining the best way to get a good deal done if I can only get a loan to cover a purchase price of 100k or more.
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23 February 2024 | 12 replies
there’s a funny debate on this. we put it on one of our rentals in SoCal and it’s netter us in a positive way and made us more attractive to prospective tenants.that being said, IF it were truly lucrative I think we’d see more corporate apartments like Greystar and Redwood installing solar panels.If you do install, make sure you figure out what tax credits you qualify for etc and make sure your output is covered by the panels for day AND night. theres no sun at night.. so make sure when they design they dont hide that. the salespeople are shady with that aspect and it’s annoying.
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23 February 2024 | 4 replies
Errors and omission insurance is covered by the company $$$$Look for an entry job in mortgage at a bank or credit union.
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23 February 2024 | 6 replies
Does anyone in a similar situation Cover the cost of Hostaway (or other pms) by charging the property owner for the expense?