I have been reading, researching, & looking at properties for a few months now, but I need to get serious and start building my team to help me through my first 1031. My property is in SoCal, but I live in Michiga...
Hi guys, I read reports on real estate investing and there is something I do not understand. Please enlighten me. I saw something inside the report like CAP RATE 15.2% ....
What is
- The meaning of CAP RATE in laym...
I am currently setting up my goals and would like to be realistic in my projected returns, because a couple of percentage points make such a huge difference.My goal is to use $60K of my own cash from income or to use ...
Hello experienced PM guys and gals:I just took a class from a company called "the landlord property management academy". Overall, I am not sure I was real happy with the class but the major takeaway for me was their s...
Hi there, I'm just starting to get into small multi family. Should I do section 8? Sure, the state does autopay $1200 per month. My concern is what if the tenant trashes the property, I have no recourse. I wouldn't ...
I had a unit come available March 7th. I had applicants within a few days. They gave me a deposit on March 13th but didn’t sign their lease right away for an April 1 move-in. They asked to push the date to mid April t...
Hey everyone...I hope this finds you well.
I'm currently trying to come up with a name for my company. On the one hand, I want it to be classy and professional so something like XYZ HOMES or XYZ INVESTMENTS. ...
Hello all,
I'm trying to decide on where I want to purchase my first investment property. I've been looking in both Rochester, NY and Buffalo, NY, but also looking at neighborhoods on the borders of these cities. I ...
I've been working with a contractor on some renovations and they are threatening to take me to court. We do not have any signed contracts in place. What we have is a good spreadsheet with a list of tasks, and as the...
Hello Everyone!
This might sound like a no brainer to most of you but I want to hear your thoughts about this situation.. If you are only starting out in REI (no experience and don’t know anyone personally who could ...