Bukka Levy
Turn Key. Why all the hate?
Not my first post about buying out of state but I am perplexed. Why all the hate towards “turn key”? To be more direct, if it meets the bigger pockets guidelines/numbers, what’s the problem?And if you can resist, thi...
Al Williamson
Tenant Request for Compensation
Got a call from a tenant telling me that a blade on her ceiling fan flew off and almost hit her. I apologized but went silent when she said she wanted to be compensated for the mishap. I told her we would talk about i...
Account Closed
What's the best piece of advise you'd give new RE agents?
Hi everyone,I just passed my Illinois broker's test a week ago and I recently joined KW. I have a FT job at a bank but I'm planning on devoting at least 40-50 hours a week to my real estate career.Can anyone give me ...
Account Closed
PM refusing to show rental due to Corona Virus/COVID-19
I have a tenant that his moving out of a rental this week and asked my property manager when they will start showing... they just informed me that they won't show the unit while the corona virus issue is going on. I o...
Melissa Kirchhoff
Airbnb Occupancy Rate?
I'm trying to work some numbers on a potential purchase. Now I realize this will be very specific to the location/property/price/marketing/etc but what would be an occupancy number you'd put on an Airbnb type rental? ...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
William S.
What I've learned after six months and two rental properties
Hi All,I wanted to share with those who are just starting out some things I've learned so far in my investing journey. My first purchase was a SFH property from a turn key provider in Kansas City. This was an out of s...
Jordan Williams
Flip or Flop show really that accurate?
Just watched this show with my wife last night. It made me think of the quote the rich get richer but I'm still pretty skeptical. The show basically went as follows:If you have 300k cash to spare go buy a foreclosure/...
Kyle Meyers
Starting my LLC, but I already have the properties
I've been reading all the posts and blogs about having an LLC in addition to my insurance policies and I thought I should get to it before I get much further into my investing. I have a few questions though that I'm h...
Phil M.
REO/Preforeclosure investment questions for a novice
I would really like to start out investing in foreclosures or pre-forclosures, and would like some advice. I think this is a really good topic.
Have you found more success on finding REO for a great price or pre-fo...