31 March 2020 | 11 replies
No bank is going to let you be a 6-unit landlord without some capital behind you to fix AC units and cut the grass and absorb a vacancy.
24 April 2020 | 125 replies
I havent looked at my 401k (and dont plan to) and I'm sure its value has been cut in half this last month.
30 March 2020 | 4 replies
But I will say, my wife and I are currently house hacking a duplex, and it is an amazing way to get into investing and to simultaneously cut your living costs!
13 April 2020 | 6 replies
Over the last two weeks I have had an open dialogue with all of our mortgage lenders. I've found regardless of bank/lender size all of our lenders have been very open to assisting us in minimizing or deferring paymen...
1 April 2020 | 11 replies
They would be putting deal analysis in front of their own private investors and they would instantly be your competition.With that said, I would like an investor's point of view on this situation:I am a new REI in the Boston area who can find motivated sellers (NOT 'DEALS') - Does it make sense for me to: 1) Take initial call from the seller, getting as much info as possible2) Put information in front of MY buyers list, and ask them to deduct my fee [ideally 10k to start- (these properties ARV is between 500k and 1.5M)]3) Ask my buyers for THEIR number to put the deal under contract (I can still send the buyers list my own rough numbers just for sh*ts, as I should be practicing anyway)4) Bring the first buyer who is available from my buyers list to the very first consultation (as my partner) with the seller to give them 'our' price5) If the seller is okay with it, my buyer puts it under contract and cuts me a check for my fee upon closing.Is this a situation that investors out there would consider in order to help wholesalers build a better name for themselves?
30 March 2020 | 3 replies
If a house doesn't sell it means the seller wants to much money for what they have, or it is tied up in legal issues those are really the only reasons something won't sell.
2 April 2020 | 11 replies
You dont want to loose site of this and wind up in a bind when the cost of PM and maint cut your cash flow.
3 April 2020 | 6 replies
A lot of people give up after thinking of the first 10 people they know, but the real money is in the weak ties, the people that you have a minimal connection to.Also, I think to some extent, the SOI is tougher for new agents.
31 March 2020 | 9 replies
I am also assuming we are responsible for making sure the grass is cut and there isn't any trash on the property.
30 March 2020 | 7 replies
As a Landlord or property manager, is it okay to approve a repair crew to enter another unit and cut through that unit’s wall to fix a leak in the adjacent unit’s leaking pipe?