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28 May 2024 | 1 reply
I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.
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24 May 2024 | 17 replies
This does not include any tax prep.
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29 May 2024 | 15 replies
If you have any questions, please feel free to contact me.
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28 May 2024 | 5 replies
If you need recommendations for reputable local lenders in the Indy area, feel free to DM me.
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28 May 2024 | 0 replies
Once I free my investment capital, I will purchase my next buy and hold.
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28 May 2024 | 0 replies
Once I free up my investment capital, I will purchase my next buy and hold.
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27 May 2024 | 22 replies
Obviously you know to check the title......lots of these guys are selling tax deed junkers with title problems.
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28 May 2024 | 0 replies
I love the world of finance and investing, have always had good returns percentage wise, but nothing life changing as I have never had the free capitol to go deep into any investment.
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28 May 2024 | 11 replies
I know it's not connected to the BP Rehab tool anymore, which is unfortunate, but the AI it was powered by is called "Kukun".You can still make free estimates there similar to the BP tool, but it limits you to I believe less than 10 "rooms" per project.