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17 March 2024 | 20 replies
It's a strategy where you buy a property below market value, renovate it to increase its value, rent it out for cash flow, refinance to pull out your initial investment, and then repeat the process with another property.
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17 March 2024 | 12 replies
Terms should not be changing so late in the process.
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15 March 2024 | 0 replies
The lease states: Landlord agrees to make all necessary repairs to structural portions of the Premises, including the roof, exterior walls, foundation, and exterior sewer line.When preforming agreed upon repairs all the toilets were flushing and operating, not clogging.The tenant has been occupying the building for two months and emailed me yesterday saying that all the toilets were clogging.
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16 March 2024 | 12 replies
Discovering the concept of house hacking ignited a passion within me, prompting deep dives into podcasts and books on the subject.Currently in the NACA process since June 2023, I anticipate viewing properties by March.
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16 March 2024 | 1 reply
I'll share with you what some of my processes look like, starting from the initial phone call.
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14 March 2024 | 18 replies
Hello, i’ve been hearing different investors talk about a seasoning period when refinancing out of hard money during the BRRRR process. can anyone help me dive a little deeper on what this is/mean?
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15 March 2024 | 0 replies
Regarding how to structure my business - I do not have an LLC setup as an agent and just plan on purchasing properties under my investments LLC, then getting paid as myself for my commissions.
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16 March 2024 | 36 replies
Here's time & money an agent or PMC needs to spend to get a rental listed:1) Make sure it's clean2) Hopefully, take professional pics and just not use the camera-phone3) Take room sizes and note positives and negatives about the property4) Since most rentals aren't advertised on MLS, research multiple sources for rental comparables to determine rent.5) Write a GREAT ad for the property6) Syndicate or manually enter the ad on numerous websitesThen, once published for rent, how much time do you think they spend taking all the phone calls (most of them from idiots who don't take the time to read the ad), doing all the showings, chasing applications & supporting docs, processing applications?
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15 March 2024 | 6 replies
The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit.