Nana Ofori
Question about owning an investment property
21 March 2024 | 6 replies
Credit score requirementJob/income requirementDescription of yourself and other tenantsTo maximize your reach and find potential tenants, utilize various platforms, including:FacebookCraigslistApartments.comZillowRoomsterRoommate.comResponding to InquiriesOnce you create an awesome listing you will start to get inquiries.
Derek Nemec
Killer deal but how to structure?
22 March 2024 | 15 replies
My quick research indicates that while there is legal precedent (albeit from 2000) that this would be technically treated as a sale, only the principal and interest paid via seller financing amortization schedule would be taxable.
Asia Latta
Tips for Building a Buyer's List in Kansas City
22 March 2024 | 4 replies
Local Facebook groups of investors or subreddits can also be huge.2) Attend local meetups and REIA meetings, these can be great to meet potential clients and other contacts to source deals3) Friends and family CAN work but you should try this: set up a class on real estate investing, have yourself and other folks speak about how to get started and Invite every single person you know and if they're not interested, no problem, ask them if they know anyone that can benefit from that4) Longer term, but you can create content on available delas for Inst and TikTok, Real Estate investing is a hot topic and not many folks use those video platforms to show people real deals and how to get started.Best of luck.
Parker Ernsthausen
Looking for the best product type for Refi at current rental
22 March 2024 | 9 replies
Parker There’s potential to get close to there.
Richard Bautista
Is Binghamton still a good location to invest?
22 March 2024 | 1 reply
Binghamton remains a lucrative market with ample cash flow potential, whether you opt for student housing or traditional residential rentals.While I personally focus on residential multi-family properties rather than student rentals, my portfolio offers valuable insights into the profitability of investments in this area.
Edith Acevedo
why are auction property selling for market value?
22 March 2024 | 19 replies
That meant the person who bought it also took that 100k debt (potentially). mind-boggling.
Jaime Pinedo
Any advice on areas to invest in Dallas,TX?
22 March 2024 | 9 replies
To precisely assess each property's cash flow potential, a comprehensive financial analysis and due diligence process are necessary.In order to invest in Dallas, one should carry out extensive market research, establish connections with local investors, property managers, and real estate specialists; moreover, one should investigate financing alternatives, investigate possible investment properties, and give careful thought to property management.
Jacob Bremer
Proof read my estimate -
22 March 2024 | 0 replies
Myself and a partner have a potential opportunity for a spec build, and I am trying to run numbers for the proposal.
Miranda G.
Asking seller to pay for repairs. Need advice!
21 March 2024 | 2 replies
**Plumbing Concerns: Exposed Plumbing and S-trap in Second-Floor Bathroom** - The use of an S-trap and exposed plumbing in various areas could lead to potential leaks and damage.5.
Rigel Cagbabanua
Real estate investor
21 March 2024 | 2 replies
House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.