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5 March 2024 | 5 replies
Hi @William Ryans,In your search for an accountant, I would recommend seeking an accountant who also has personal real estate experience so that they can not only help you with your bookkeeping and tax needs, but also guide you and give you tangible recommendations for your real estate career.Additionally, in today’s day and age, accountants are able to deliver the same caliber work to you from anywhere in the country.
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5 March 2024 | 7 replies
I usually like ordering Home Depot supplies online and have it delivered directly to the property.
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6 March 2024 | 2 replies
**It’s time to deliver a little pounding to a particular contractor out there in California that recently tried to pull a fast one… on my mom of all people, who just turned the big 8-0, although she is still spry as can be.
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5 March 2024 | 5 replies
We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍
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9 March 2024 | 261 replies
On the flip side, there's the people who sell turnkey, real estate agents/brokers, PMs, guru's on here that promise the world but deliver terribly.
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6 March 2024 | 12 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.
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4 March 2024 | 5 replies
You have to deliver specific forms, and a relocation fee to the tenant is required.This RSO website will answer your questions:https://housing.lacity.org/res...Good luck!
5 March 2024 | 7 replies
My OA PDF for instance, is too big to email, so it has to be hand delivered and when I'm buying out of state it needs to be sent FedEx.
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4 March 2024 | 4 replies
Their ability to deliver a home in just four months is certainly impressive.
6 March 2024 | 19 replies
. ;-)True story, I was dealing with Quality Loan Service as Trustee and negotiated a postponement and they wanted hard copy paperwork, wet ink, delivered to them.