Connor Mckelvey
First Deal - 8 Days to Close and my Lender is Dropping the Ball
28 March 2019 | 42 replies
It seems as though you are light on reserves and that can put an investor in a tough spot when it comes to unexpected things that come up and/or puts a lot of pressure on filling a vacancy, etc.
Bob Mueller Jr.
Allow Pets in your STR/Vacation Rental? Yes or No?
21 April 2019 | 21 replies
My main concern would be future guests (esp those with pet allergies) giving me 1-star bc they couldn’t stop sneezing all week while on vacation at my place & now they’re pissed at me that I let a prior guest have a petI guess if you’re gonna allow pets make it clear in the listing so people with pet allergies don’t stay there and give you unexpected 1 star reviews
Jimmy Lynn
Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
16 May 2023 | 1 reply
Consider factors such as the scope of work, materials, labor, permits, and contingency funds for unexpected expenses.
John Fakish
Kitchen added in basement, no permits
19 May 2022 | 47 replies
If electric, then you added a 30-amp circuit to your board, in addition to whatever else you added for the lights and outlets.
Clareen Eberly
Furnishing rentals - resources?
2 February 2023 | 7 replies
I use Cort Furniture Outlet.
Andrew Sanders
401(k) money into a self directed IRA then purchase a rental
14 January 2013 | 12 replies
Your SD IRA must be truly self-directed, UBIT taxes, enough capital in reserve for maintenance, unexpected/uninsurable, vacancy’s and on and on.So you need to be good at property management.
Mike Schorah
How long did it take you to find your second off market deal?
17 May 2023 | 0 replies
It’s been another 4 months and I’ve talked to twice as many people but still no deal.I do have 4 very promising leads whereas the first time was a cold lead that turned hot out of the blue and was unexpected.
Alan Asriants
Why having an investor agent is important to an investor looking to buy/sell
17 May 2023 | 1 reply
This can help you avoid unexpected costs and make more informed decisions about what to renovate and how much to spend.An investor agent has a good connection of lenders, title insurance companies, contractors, handymen, insurance agents, etc that they can connect you to.
Kristel Daugherty
Promising Partnership turned Profit sucker!
17 May 2023 | 1 reply
On the job site, my partner and I were stressed and arguing constantly because the deal was going sour in so many unexpected ways.