Alicia Marks
QOTW: What are your "hard pass" items when evaluating real estate
30 June 2022 | 161 replies
As a lender, depending on what exact space you are in, you have to be careful about expressing thoughts on topics of this sort which can result in a law suit if you are stating that the lender has a lending policy that essentially encourages tip toeing around certain neighborhoods (redlining).
Maranda Tucker
Pros and cons of rent by the room?
13 July 2022 | 5 replies
The higher rents do come with a lot more management, you're essentially managing every room as a separate property
Alicia Marks
QOTW: How have meetups and masterminds help your business?
18 July 2022 | 35 replies
You essentially pay for access to someones methodology and maybe for them to hold you accountable to goals.
Eric Sipe
Assistant for Property Management
5 June 2022 | 2 replies
Hey BP,In the future, can I hire an assistant to essentially manage my properties?
William Manning
Just starting remote rental investing
15 June 2022 | 6 replies
Absorb what is useful, reject what is useless, add what is essentially your own.” - Bruce Lee Outside of doing a task, intuitively creating the task steps helps me remember and understand the "why/when" moments.As for pulling the trigger on a purchase, I'm looking for the right one (not the perfect one) for this area.Analysis paralysis is a real thing.
Chase Caudill
Seller Financing Question
12 June 2022 | 4 replies
This is essentially what you are signing up for.
Mary Paras
Cleveland Criminal Complaint for High Grass and Weeds
28 July 2021 | 41 replies
It seems 8" grass is less of a threat to public safety than that.
Justin Elliott
Brian Burke discusses the structure of his investor waterfall
21 July 2021 | 0 replies
Brian Burke: We've kept the waterfall structure the same.You can see here.We used in this case, We used in this case, we used an 8% preferred return, and then we had three waterfall hurdle tears.The investors got 70% to 12 60% to 15.And then after 15, they got 50 50.And we've essentially I've been using this waterfall almost since I started way back in the beginning.Every once in a while, we might alter something here or there because we feel the need to.But too many times I've done that and been completely wrong.We had a deal that we did about three years ago where when we underwrote the deal, I felt that we needed to juice thereturn a little bit more.And so we switched the waterfall to an 80 70 60 instead of 70 60 50.And at the end of the day, when we sold that property, we delivered to our investors like a 32% IRR.And now I'm kicking myself like we really didn't need to do that.We could have left it.Just as this waterfall is here, our investors would have got a 28 IRR or whatever and been thrilled to death.So I tend to leave the waterfall alone most of the time.
Brittany Horton
Month long stays in STRs: finding hidden gems
23 July 2021 | 4 replies
Personally, for safety reasons (since the STR is also part of our home) I wouldn't list it anywhere else that doesn't verify identities or have a proven process for collecting security deposits, etc.
Brandt Welch
LLC receive a loan to fund a down payment?
15 August 2021 | 6 replies
In terms of essentially 100% financing from a mortgage lender.