Nathanael Stice
Partial lien release advice
13 March 2024 | 1 reply
I haven't reached out to my attorney yet, but plan to.
Laura Weiszer
Inheriting Tenants - to keep or vacate??
13 March 2024 | 1 reply
Again, lease doesn't explicitly state there will be an increase though, and for having the most sq footage (1 br + basement) she's paying below market rent.Units 3+4: two more studio apts, can rent for $750 each.I plan to put in an offer contingent upon inspection (and obviously getting into Unit 2...), but I'm not sure whether I should also ask for the property to be delivered vacant..My questions:- If I keep the tenants, what should I obtain from the current owner or the tenants themselves?
Marvin Bertin
What type of house hacking works in Hawaii? (realtor needed)
13 March 2024 | 6 replies
Would love to chat more about your house hacking plans!
Ahmed Habib
What is best strategy to close first few wholesale deals?
13 March 2024 | 6 replies
There are a few types of people who will buy your end of line flips….1) Those that will only buy truly safe … battle born… “equity the day I buy”.. opportunities And/or2) those that were trained to see real estate investing as a much more risky “ investment”… in other words “ a buy that “SHOULD” have value after appreciation”With Buyer group #1… if you provide truly investor grade deals that haven’t been stripped of most of the equity before you try to flip, you will build a following of investor grade buyers that WILL pay cash and CAN close “ as soon as the title search is done”… This will net smaller nets for you initially , but you will own a REAL Buyers list… that WILL have the experience… to REALLY CLOSE ASAP.And that will make your machine run MUCH more smoothly.Or2) you can initially max out your net on a few deals as you scape out most of the equity for yourself… but you will only be working with non experienced buyers.. who will buy ….one… realize that they are in WAY too deep… have no B plan.. and they will be FAR less likely to buy again… AND they may never even make it to your first closing .So.. your choice… cultivate a crop of GREAT slam dunk , low work load real buyer investors…. where all you need to do is find the property , mark it up a LITTLE ..and we do all of the rest of the work…Or sew a crop of weeds…I do spend a little bit of my time asking wholesalers to take me off of their lists.I would love to buy from you.I don’t want to spend my time doing the initial marketing.I am willing to pay for your valueBut I don’t buy properties that don’t have TWO exit strategies1) enough equity AT CLOSING so that, at the very least I could sell it TODAY without taking a loss…..AND2) after my expertise ….
Nancy Bachety
We are 1031ing out of our true 2/2 Smokey Mtn cabin with views and privacy
13 March 2024 | 6 replies
This has been our exit plan to transition to fewer doors.
Philip Benavente
1031 into STR or invest in S&P500 from assets in IRR for elderly parents
13 March 2024 | 19 replies
A self funded care plan is challenging to execute and I empathize with you and your family.
Zeona McIntyre
Who’s doing MTR in Ocala? I’d love to discuss demand, seasonality
13 March 2024 | 11 replies
For me, I have STR experience so just need to get the house rehabbed as they were just purchased and had been neglected.The plan is to post on furnished finders and airbnb or vrbo and see which takes off.
Ben Jones
thinking about buying a 4plex with no re experience and no idea where to start
11 March 2024 | 7 replies
yeah as title. i have a mortgage on my own house. recently a 4plex on fb caught my eye. theyre listing for 300k, new construction, on i think 1/2 acre or 1 acre mostly seems a big dirt parking lot in front. 1800sq ft. they claim the units rent for 1050. obviously these are small units 1 bed 1 bath, doing the math 1800/4 is 450 sq ft per unit. they look nice, being new construction, albeit spartan inside, metal building, concrete floors, washer dryer hookup. semi rural Oklahoma but about 80-100 miles from dfw. they also say all units are under 6 month lease (it seems to be friends of theirs, i'm guessing, as they mentioned it was full "despite not even listing it yet"?)
Chris Terborg
[Calc Review] Help me analyze this deal
13 March 2024 | 7 replies
Your plan is to wholesale the deal and make a 200k profit, by just offering 200k less than asking price.
Robert-Lee Pass
Seeking Advice: Local Metro or Nearby Rural Real Estate Investment?
11 March 2024 | 19 replies
--> Its about a 45 Min drive to reach the Colorado Springs Metro's Most southern city 'fountain', this is where I own my current House Hack/Personal home Rental Income:Local Metro: Rental demand tends to be high in metropolitan areas, attracting a diverse tenant pool.Nearby Rural: I Have great comps as the neighborhood is just being built (6 other new builds with same floor-plan sold in that neighborhood in the last 2-3 years), there is a k-5 school on the same street in the neighborhood of the Rural build.