Diane Bonheur
Out-of-state Multifamily Purchase
25 February 2024 | 30 replies
Also, check assessed land values versus assessed total values in the county where the property sits.
Peyton LaBarbera
Does anyone use price per sqft or price per unit for analyzing rental properties?
25 February 2024 | 6 replies
Say you're checking out a couple of spots, one's 1,000 sqft for $1,000 a month, and the other's 1,200 sqft for $1,300.
Avand Amiri
Mint is shutting down! What now? Comparisons and alternatives
24 February 2024 | 8 replies
check out personal capital.
Jason Baker
Seeking Recommendations for a No Fee, No Commission Split Brokerage in Florida
25 February 2024 | 10 replies
I don't know how investor friendly they are but you can check out lokation Realty.
Akhil Patel
Travel nurse units - how often to send out cleaners?
25 February 2024 | 12 replies
It's great that you're checking to see what others are doing, though!
Kristy Hemphill
Bridgehouse America total scam
25 February 2024 | 10 replies
On 1/26/2019 she called Mario to tell him that she didn't want us to move in, so this created many problems for us, we had given notice to our current rental and had given Mario a cashier's check for $10,000 and gave him cash for $1600 for the rent.
KC Pake
⁉️ 📲Your Most Expensive Lesson in Real Estate Investing: Share & Learn 🏢
23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
Eyal Goren
Out of state investor here. What's the best way to find a property manager?
24 February 2024 | 19 replies
https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/For Property Management Companies, check NARPM website.
Lorenzo G.
Siblings on lease and one is leaving
25 February 2024 | 1 reply
I believe her boyfriend will be moving in so I will need to do a background check on him.
Ashley Baldock
Non qualifying applicants
25 February 2024 | 17 replies
Most of the time by the time I’m running an actual background check/credit check I’m pretty sure the tenant will work out.