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31 May 2018 | 18 replies
I too agree with everyone else, I never let any tenant perform repairs.
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28 January 2017 | 10 replies
I´m 25 years old, originally from Mexico City, but living in Columbus Ohio since 2016 due to a job relocation.I have a bachelor's degree in systems engineering and a MBA.Currently working a full time job on a supply chain company in Columbus, Ohio.Actively looking to learn and start investing on Real Estate in order to get an early retirement (stop working for a company and spend my time and money on my own business).I have very basic real estate experience at the moment.I guess as many of you I started a couple of years ago with "Rich dad poor dad" and from there I have been trying to run out from the rat race.On November 2016 I attended one of this guru weekend workshops and taking out the fact that they try to sell you a "magic formula" to get rich with just little effort and paying them 50K, I think it was a good introduction to what real estate investing is, get to know some vocabulary and a better idea of how the business works.After attending to the workshop I decided to research a little bit more about RE and I found this awesome site called BiggerPockets, in which I have found a lot of interesting forums, webinars and podcasts.My real estate goals at the moment look like these...2017 - Learn as much as possible about real estate market on my area, raising money and exit strategies.2018 - Have a detalied real state business plan and do my first investment.2019 and beyond - Spend a big amount of time and money working to get a monthly income of 5K on real estate investments.I´m currently looking for a mentor to guide my real estate experience on the greater Columbus area.My main interest at the moment is the buy and hold strategy, so most likely I would like to connect with people already making some money of rental properties, but I´m always open to learn different strategies.In reward, my mentor will get my commitment of about 10 to 15 hours a week of hard work on helping get and analyze deals by performing some time consuming tasks that could be delegated to me so I can learn about the business while I help someone else grow your business.
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28 January 2017 | 13 replies
I have the rent roll, the expenses, and how the property has performed for the last 2 years.
27 January 2017 | 7 replies
Your LLC is you and you probably have a better chance of getting hit by space debris than a lender exercise the due on sale clause of a mortgage that is up to date.
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27 January 2017 | 6 replies
Partial or Split 1031/121On this I am less familiar, but I am quite sure one can perform a partial 1031, giving the 1031 treatment to the investment portion of your equity, and I am pretty sure this goes for the 121 home sale exclusion as well, so that *I think* an option might theoretically be to do a 1031 with the investment side of the duplex and a 121 with the side you're living in.
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29 January 2017 | 9 replies
I imagine you could get the seller for breach of contact or sue them for specific performance if they tried to sell to someone else....
27 January 2017 | 3 replies
Hi Kim,Check out the 2016 Best-Performing Cities by the Milken Institute.
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5 February 2017 | 24 replies
You have to really perform a risk benefit analysis.
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30 January 2017 | 18 replies
@Jessica Zolotorofe that what I thought but its not the case in Indiana.. there is no liquidated damages in the RMLS forms.. and they can and will sue you to perform... on 3 homes we had in contract.. my agent and the seller got in a twist ..
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19 November 2017 | 3 replies
Commission based income tends to drive better performance I suppose.