Joshua Davidson
Basics of Maximizing Value in a BRRRR (4+ units)
8 March 2024 | 1 reply
As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.
Kevin Noesner
The best site for NNN commercial properties
9 March 2024 | 18 replies
Eventually that end will probably come, and if they move out the investor has the same issue.
James Carlson
Hot take: Personal booking websites for your STR are overrated
7 March 2024 | 82 replies
Quote from @Kyle Wise: @James Carlson totally agree with you but there is another major reason to stay on the OTAs .....
Yoon Chong
AirBnb Management Liability/Insurance
8 March 2024 | 30 replies
I would put no other assets into this entity such that, if it is sued, there is nothing to lose.
Shafi Noss
Buying LLCs Instead of Property
8 March 2024 | 4 replies
And it gets around any title seasoning issues when using certain loan programs.I once established a new LLC in order to aquire and quickly resell a house.
Vernon Huffman
If you had $300k liquid how would you start RIGHT NOW?
8 March 2024 | 53 replies
What about fixing those issues up front?
Matt McCurdy
Renting vs. Selling on Contract
6 March 2024 | 7 replies
The town the mobile home community is in has a LARGE percent of tenants vs. home owners (60/40), so I'm wondering if I'm trying to force the issue by selling on contract when the tenants really just want the freedom to rent?
Rodney Love
Which real estate strategy works best to escape the 9-5 rat race?
9 March 2024 | 89 replies
To have that many operations going seems like a major feat.Most people will never have Capital to open a Whataburger.
Mark Koontz
Loans from Deferred Compensation Plan (Retirement)
8 March 2024 | 6 replies
. -1-5 year terms-Up to 50% of your account balance can be loaned (50k max)One of the issues I see is that the account is funded with pre-tax dollars.
Mo Nueman
Seeking Recommendations for Remote Property Assistance
7 March 2024 | 11 replies
., testing main components, general mechanicals condition, basic roof condition, any major red flags, etc.) for a lower cost.