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23 December 2024 | 12 replies
In our 'day job' business of remodeling we have stayed just a partnership with an LLC.
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25 December 2024 | 12 replies
Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.
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2 January 2025 | 37 replies
They usually do not have these figured out, I mean sure, everyone wants to 'make money', or ' own 10 properties in 3 years', or (my favorite) 'replace their W2 job in 5 years'.....but they have not thought any further than those basic (and misguided) goals.
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26 December 2024 | 13 replies
.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you.
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27 December 2024 | 66 replies
My view is inspectors find problems, it is their job.
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24 December 2024 | 9 replies
It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.
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18 December 2024 | 29 replies
Ive already started looking further out to do BRRR/Flips as this is one of those jobs I cannot really afford to lose, having it will help me a lot in the long run.
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18 December 2024 | 5 replies
She informed me on December 1st that she was expecting a job offer requiring a January move-out, which she received on December 12th.
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5 January 2025 | 39 replies
@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close
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17 December 2024 | 1 reply
I wouldn't use them to complete the job, they've already shown they aren't doing quality work.