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17 April 2024 | 6 replies
Glad to have you as a part of this awesome community, Carlos!
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20 April 2024 | 24 replies
If you have any questions regarding the requirements and qualifications, always feel free to reach out.
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17 April 2024 | 8 replies
Looking forward to being a part of this vibrant community.Best,Jorge
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17 April 2024 | 39 replies
I get a leasing fee ( equal one months rent) and 5% of the collected rent.. however I get no pay for raised rents ( which I determine and raise yearly) nothing for repairs or work done to the apartments. so its basically the 5% and leases.. and since I took over we went from 30 % vacancy to we are at full capacity with a wait list, and I raise the rents by almost 70% in the last 5 years. ( yes you read that right) .
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18 April 2024 | 6 replies
However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.
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18 April 2024 | 3 replies
It's a very small military city so the quality isn't there and I feel like I'd get more from being unrepresented.
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18 April 2024 | 6 replies
Here are some of my favorite books in the BP Library:The Book on Tax Strategies for the Savvy Real Estate InvestorThe Book on Advanced Tax StrategiesThe House Hacking StrategyRental Property InvestingWhat do you feel like are key aspects of your business that you currently or need to review?
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17 April 2024 | 1 reply
I'm actually about to replace the front door on my apartment building and was probably going to go with Fiberglass.
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16 April 2024 | 9 replies
While research is great and you feel like you're making the right decision, the first one is the scariest.