Isaac Howland
Best Strategy for 1st Deal / Property Sourcing Rules of Thumb
Hello All,I made this account years ago, finally starting to get active now that I have a steady professional footing in my day job in architecture. This can be considered both a blessing and a curse, as I have decent...
Mark Stewart
LLC vs Personal Accounts
I'm selling a rental property I've had in an LLC for several years. In June, I deeded it back to myself in order to take advantage of a 1031 exchange and be able to use my earned income to qualify for the purchase on ...
James Christian
How do Handyman Laws Pertain to Flippers?--Please respond!
Our family just finished working on our first flip. We came in on budget, did much of the work ourselves, had the property under contract to sell with a $60K profit, and the buyers backed out at the last minute. Whi...
Drew Denham
Hudson and Marshall - Occupied Property
Hi all, i've never bidded on a cash only/occupied property and i'm looking for a little advice. I did a drive by the house and it appears there are still people living there and the auction is set to start in two week...
Olivia Dansereau
Loaning private money notes in a Solo 401k
If my solo 401k lends private/hard money to an investor, am I able to charge a percentage of the profits as well as interest? In my state the interest rate is capped at 12%. Also, what about up front fees? I can't see...
Jonathan Batson
Why is the IRR not used when reviewing real estate?
I notice a lot of talk about the ROI of a real estate deal to assess the viability. In my line of work I was taught to calculate the Internal Rate of Return (IRR) when reviewing various ways in which to pursue a proj...
Drew Berman
What do you use for potential tenant applications?
Hello all, RE investor from VT. under contract to go from 2 to 7 doors! In anticipation/preparation looking for a free resource for potential applicants to fill out an application online and have it submit to me direc...
Chanté Owens
What Investors and Partners Look for in a Proposal?
In the same spirit of @Karen Margreaves "Skin in the Game" thread; I've seen a lot of people inquiring as to what investors and/or potential partners look for when deciding who they will work with.
Some of my...
Rick Howell
Developing a Successful Business Plan: 5 Tips
As the saying goes, when you fail to plan, you plan to fail. When you start a business, this is especially true. Making decisions that do not line up with your short- and long-term goals will come back to haunt you. W...
Brandon Schlichter
Posting requirements/qualifications on a rental website?
We have a internal list of what we consider a 'good tenant'. I'm curious if it would be effective to list a rough outline of what is expected from a tenant, applicationwise on our website.I'm getting tons of applicati...