Łukasz Juraszek
1% rule, 2% rule are BS...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
Leonid Solomonik
Buying properties in FEMA flood zone
Hi everyone,
Has anyone dealt with purchasing properties in FEMA declared flood zone? Any word of advise besides additional expense on flood insurance. Many properties in CO got flooded last summer and were c...
Eric Moeller
Leasing homes to then sublet through Airbnb? Viable business?
Hey all!I wanted to get this conversation started to see if any investors out there are currently sandwich leasing properties for the main purpose of subletting through Airbnb. I came across a landlord who is looking ...
Mike McGee
Rently?
Looking for feedback from those using Rently, a lockbox/service which allows prospective tenants to let themselves in to view a property. http://use.rently.com/how-rently-works/Seems a little scary to me. Any horror s...
Dan H.
Reason not to rent to smokers - terminate tenant w/ few options?
We no longer rent to smokers but we used to rent to smokers with the condition that they smoke outside.
We have a tenant that is a from the time that we rented to smokers. They have been good at only smoking outside...
James Carollo
Is it harder to find contractors? Skilled trade shortage?
As an owner of a general contracting business, I get to experience the growing shortage of trained workers on the front lines. Things have been changing. So many retiring and so little learning these trades. As a stud...
Tom Suvansri
Investing outside of hometown
I'm just starting out and exploring small multi-families in my hometown and adjacent towns as I'd like to stay close for my first property. Unfortunately, I'm having difficulty finding anything that would actually ca...
Bhairavi Patel
Meeting with a Realtor for the FIRST TIME as a new investor!
Morning all, I am meeting with a realtor for the first time tomorrow. I dont have a clear picture of what I am going to do yet, but I want to be (or at least sound) educated and knowledgeable. I'm a little nervous, bu...
Quincy Mingo
My Next Investment Strategy in Chicago, IL (Military Veteran Ideas Welcome)
I am looking to identify my next investment strategy to acquire another 3 or 4-unit property. I would like thoughts on what makes sense based on my situation.
Current Properties:
1.) 4-unit purchase in 2021 using m...
Patrick F.
Are out of state property managers worth it?
Hi all, I’m coming close to buying my first rental as an out of state STR. I have been in contact with a local property manager who charges 18% to manage the listings on their accounts (Airbnb, Vrbo, etc), take care o...