Matthew Gilman
New Member Moving to Middletown NJ
4 April 2019 | 4 replies
I will maintain my same job, since they have an office in Middletown actually, so that works out very well, but I will need a place to live obviously.
JC Castillo
Is the Montgomery AL rental market getting saturated?
30 April 2019 | 5 replies
My vacancies in Montgomery, AL usually rent in less than 30 days *as long as the property is priced reasonably, is clean, and maintained in good repair.
Cameron Riley
LANDLORDS!!! - How to Handle The security deposit?
11 April 2019 | 67 replies
Mostly, these buildings are well-maintained and many investors..
Doug Roux
1031 exchange to a syndication
5 April 2019 | 10 replies
It seems silly, but required for them to maintain their 1031 structure.
Collin Schwartz
Tenant wants to install Ring “camera” doorbell
21 April 2019 | 42 replies
Personally, I would rather take the old one back, since a Ring bell is another item to maintain when the next ones move in, and if it breaks on your next tenant they will expect you to replace it with a new Ring bell.If there is a shared entrance, my answer may change.
Cody Z.
Financing strategies while waiting for BRRRR cash out?
9 April 2019 | 10 replies
HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,
Thayer Hood
Questions all Property Managers should be prepared for
8 April 2019 | 7 replies
I do understand that everyone must live where they can afford, but I would always keep in mind that investors who buy in deeply depressed areas often do so because they don't have a lot of capital or experience; they mistakenly think that "cheap" is synonymous with "value;" and they grossly underestimate the actual expenses associated with the building.Many times, these investors get so far in over their heads that they cannot afford to maintain their building, so they end up doing things like assigning appliance maintenance to the resident in a desperate attempt to regain control of cash flow.
Brandon Komp
using IRA to buy real estate
11 April 2019 | 23 replies
On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.
Michele B Cagle
Stumbled into a mess ....
9 April 2019 | 9 replies
It broad coverage that can be set up quickly with minimal time needed to maintain coverage where an LLC for multiple properties in multiple states will be expensive.with several properties in several states you have various compliance issues/costs associated with setting up LLC’s to get the tru benefit you would want each property in its own LLC ( maybe a series llc would be a good option)-consider the due on sale clause if you have any mortgages on the properties as transferring the title to an LLC technically triggers this ( most banks won’t call it as long as the loans current but they have the right to) here’s an article with a quick breakdown https://www.landlordology.com/umbrella-insurance-replace-llc/
Adam Serdula
What to look out for in mobile home parks?
9 December 2019 | 3 replies
It's the largest group on LinkedIn that is exclusively focused on mobile home park investing.Mobile Home University - http://www.mobilehomeuniversity.com - This is the site maintained by Dave Reynolds and Frank Rolfe.