11 October 2021 | 19 replies
Keeps accurate records and ability to accept deposits etc.
11 January 2022 | 29 replies
I don't feel I'll need to use all that capital because I have the ability to raise funds thru investors, but I want to have a proven track record (couple years of solid returns) before I would feel comfortable bringing people on.
24 May 2021 | 5 replies
If you feel comfortable in their ability and willingness to stay on and can handle most all tasks (I would not let someone like this handle the books) then maybe you can keep your current job and be able to handle keeping the business running for little profit.
30 May 2021 | 25 replies
Unless you've done this for a while and your "older" portfolio CF positive and make up for the newer acquisitions' negative CF.This is a mechanical problem that generally keeps me in my slow growth path.
5 September 2021 | 9 replies
The reason I went full-time LP in multifamily syndications include your 3 points, but more importantly to have the ability to focus my time on things I enjoy most and less on things I don't...AKA managing tenants, bidding for deals and coordinating contractors.
4 June 2021 | 9 replies
Also take a look at the grading of the surrounding ground to make sure water flows away from the house, not to the house.Siding can hide many damages, if you see patches or cheap siding recently installed, it is time to start asking , what and why.HVAC, how old, how old is the ducts, take a peak in the the registers, how dirty they are, HVAC handler closet, look for mold in this area, the condensate water drain condition and where it goes.Electrical panel model and manufacturer, google it for recalls.Floor carpet if any, I hate carpet because it hide damages and if it is secure you cant pulled it to look under, look for stains or cold spots, that is an indication of a wet spot. specially near baths Kitchen or egress doors.Kitchens and baths, old or new, try to look behind frig and dishwasher, they hide a lot of water damages and are very subjectable for mold growth.
22 May 2021 | 0 replies
This deal is currently rented at $575 and market rents are $650 so they is room for growth and I have it calculated at a 16% Year ROI.
7 October 2021 | 22 replies
It's definitely the ability to house-hack.
31 May 2021 | 12 replies
Buildings should be owned by the residents themselves or by one person or llc and no more than five buildings or complexes per company. this whole housing and real estate crisis has gotten way out of control and it’s ridiculous bYour inability to qualify for a mortgage has nothing to do with my ability to qualify for one.You know the difference between you and me?
23 May 2021 | 4 replies
I look forward to getting to know each of you, and I hope there is some way I can contribute to the growth of your business as I travel my own journey.