Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
I can have multiple one use code for contractors so I can control access without physically going there.You do not need to carry the key, just need to keep track all codesMain disadvantage is that the locking requires the door to close properly, otherwise the tenant may not know the door is not licked.
Ella Marie
New and ready to learn hands on
29 January 2025 | 8 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.
Chris Magistrado
Remote Flipping, is it possible?
29 January 2025 | 10 replies
You'll have a slight disadvantage compared to the local population, but nothing that should crush you.
Catherine Parenteau
Renting Non-Conforming apt through Section 8 - good idea?
16 January 2025 | 2 replies
Separately, the benefits and disadvantages of renting to Section 8 is a topic of extended debate on this forum.
Zach Howard
LLC - many questions, please help!
12 January 2025 | 2 replies
I have so many questions though.1) Can anyone tell me more about series LLC and whether it's necessary to hold each property in a separate LLC2) What are your thoughts on a trust, rather than an LLC - advantages, disadvantages etc?
Lorraine Hadden
First Time Homebuyer (FHA) vs. Conventional Purchase Option
13 January 2025 | 2 replies
Great question @Lorraine Hadden,You should always compare both side by side to see the advantages /disadvantages to each.
Fabio Cattolico
Want to start my investing career but not sure what first step is best
21 January 2025 | 8 replies
Our home state, TX, has really high property tax which is see as a big disadvantage.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
What is the expected return on investment, and how does it compare to syndication in terms of advantages and disadvantages?
Adam Newman
10% down or 20% down???
23 January 2025 | 10 replies
Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
31 December 2024 | 3 replies
Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.