
18 May 2021 | 1 reply
You will not have control over the payments made on the loan and if they are missed you will have to make them and your credit will be damaged.

9 November 2022 | 14 replies
I consider myself to be pretty fair, but tough on tenants, however the reality is SOME things are beyond a tenant's control.

22 April 2018 | 5 replies
When a deal is assigned to a tenant/buyer after you gained control of the property, they are taking over payments via your deal.

1 July 2019 | 24 replies
Downside is that you dont directly control the collateral, the fund does.
5 June 2018 | 13 replies
State specific caveat, but my lease places not only the burden of pest control on the tenant, but requires it if they see pests.

8 June 2018 | 6 replies
See the 3 things after the financials Purchase price: $390,000 I can get financing at 25% down, 5.5% amortized 25 years Per seller: 90% occupancy or higher since they owned in 2002 8 - 1 bed/1 bath at $550 per month 6 - 2 bed/1 bath at $650 per month *One of the 1 bed/1 bath has an onsite manager/handyman living for free so there is no property mgmt costs in the expenses* Owner pays water and trash 2017: Total Operating Income: $79,989.50 Expenses: - Lawn Maintenance: $1,800 - Water: $6,816 - Trash Collection: $1,740 - Pest Control: $820 - Supplies: $4,280 - Repairs: $9,852 - Insurance: $4,153 - Property Taxes: $10,515 Total Expenses: $39,976.82 NOI: $40,012.68 2016: Total Operating Income: $83,154 Expenses: - Lawn Maintenance: $1,800 - Water: $5,820 - Trash Collection: $1,680 - Pest Control: $604 - Supplies: $6,639 - Repairs: $9,910 - Insurance: $4,153 - Property Taxes: $10,521 Total Expenses: $41,127 NOI: $42,027 So if I’m all in at $115k (down payment + closing costs), assuming 40k NOI, i’m looking at 16.4% cash on cash with one unit vacant at current rents (without anything set aside for capex however) WHAT WORRIES ME: 1) No washer/dryer connections AND no laundry facility on site (would have to build a new building and run new plumbing to add one).
7 June 2018 | 9 replies
If you want more control, go with livingroomhq, cozy, etc.. if you ONLY want money transfers, zelle and Venmo are great

8 July 2018 | 10 replies
Without resources to put protections in place, the scammers have just taken control.

28 February 2020 | 15 replies
I bought my house in unincorporated LA County, very close to Boyle Heights, so no rent control.

9 July 2018 | 0 replies
I don't want to wait that long for my life to be awesome and in my control.