Manan Shah
4+ unit properties
12 March 2024 | 7 replies
I've looked at 5+ unit deals in your area (a few years ago) and I've connected with local credit unions that are open to lending on them.
Jacob Heckford
Invelo Or Propstream Software
14 March 2024 | 21 replies
How I have found information in the past has always been off the local tax assessor, whitepages, social media, Direct Mailing, etc..
Dan Camp
Company to find renters but not manage property?
12 March 2024 | 11 replies
@Dan Camp also see if there is a local Pittsburgh FB group for health care travelers.
Sire Dain
Medic yesterday, house-hacker tomorrow
12 March 2024 | 5 replies
@Sire Dainfind some local meetupsgo to the local meetupsask the investors who they recommend for an agent that knows house hackingfind that agentvisit 50 properties with that agentand make sure you have your financing lined upgood luck
Vasudha Chaudhary
Lehigh Acres - Renttoretirement (RTR) projections were a scam
13 March 2024 | 8 replies
Additionally, the RTR team has been extremely responsive working with the local PM team to do everything possible to get the home rented in a timely manner.
Mak K.
Experience with Renting to Home Health Patients
12 March 2024 | 1 reply
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.
Rebecca Busch
Real Estate Investing Tax advisors
12 March 2024 | 7 replies
Hi @Rebecca Busch I am local to NC and we offer basic courses on real estate taxes.
Robert DeForge
Have $40,000. Where would you put it for the best return??
12 March 2024 | 168 replies
Orkeem Davis I see no reason to only invest locally.
Kyle Kline
Financing Options for BRRRR Method?
13 March 2024 | 11 replies
umbrella 2. and under the cash umbrella are the options we talked about - your own cash, your dentist uncle's cash (private money), a local fix and flip lender's cash (hard money.)i did a BRRRR last year (that i ended up selling because it didn't appraise) and i bought it with my own cash because the purchase price was pretty low.
Joseph Druther
See You Later! March MOCO REIA Meetup 2024! @ Tue March 12, 2024 6:30pm - 8:30pm EDT
12 March 2024 | 0 replies
This is THE go-to event for Moore County investors to converge, discuss local opportunities, share deals, and forge successful partnerships.