Jaya Laun
First Time Rental Investor in Pittsburgh - what am I missing?
1 March 2024 | 6 replies
Think of it from the PM's perspective: if you were them, would you deal with the significant headaches of a C or D area (non-paying tenants, trashed properties, crime, police calls, etc.) for a 10% cut of a single property (probably just a few hundred bucks a month) ...I wouldn't.To make matters worse, the property isn't appreciating (because it's in a low appreciation market, or even a depreciating market), and the tenant pool is primarily made up of people with bad credit, low/no income, and a history of property damage at the previous places they've rented.
Brandy Horkey
First timer question
28 February 2024 | 15 replies
Not to mention condos don't appreciate as quickly as a single family.
Yuqing Xiong
Resident Physician in Boston Seeking Advice on Real Estate Investing
28 February 2024 | 7 replies
Unfortunately given the zip codes that you like, those units start with $800+ for single family homes.
Logan M.
I built 15 units with only $130,000 out of pocket
28 February 2024 | 8 replies
In November 2021, I purchased a single-story commercial building in a downtown area outside Provo Utah.Attached is the first picture of the front of the building.
Cesar Santana
Looking to network with other Cleveland Investors
28 February 2024 | 8 replies
I would go with single family in a C+ neighborhoods in the out cities .
Adam Robinson
Monthly Repair Costs - Passive Income
28 February 2024 | 4 replies
Do you store it in a separate account?
Jack Little
seller carry back mortgage note
28 February 2024 | 3 replies
@Jack LittleThere are standard templates from Fannie Mae but I would have an attorney draft these documentsThey can be held (the lender) through a deferred retirement account but make sure you are using a third party servicer to collect payments
Kevin Zhang
Seeking advice for diversifying my real estate portfolio (3 duplexes in MO)
28 February 2024 | 16 replies
I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?
Jay A.
Questions to ask Turnkey Providers
29 February 2024 | 12 replies
The plumber sends a bill to manager for $100, and they pay it from your account.
Sunny Karen
Should we pull the trigger on these properties? First time investor in Tulsa
29 February 2024 | 28 replies
Factoring it in to the budget is necessary, but it'll be a while before you build up the cap ex account.