Foster Algier
Zillow: Killing the Golden Goose?
There is a lot of talk in the real estate sphere this week about Zillow's entry into the wholesale market with their Instant Offer program starting its trial run in Las Vegas & Orlando."The industry is up in arms ...
Account Closed
Area Analysis for BRRRR to STR
So I don’t have a specific property in this one. It’s more of a pre-analysis of an area I’m looking at for STRs and outlining how I think about narrowing down where I like. I expect most on here go for LTR, so maybe a...
Azita S.
Partnership Question
I've been saving up to buy my second investment property. I bought my first one earlier this year. As I get ready to find my second propety, my sister has approached me about opening a coffee shop together.
She doe...
Manan Patel
Interest Rate on a Conventional Mortgage
Hi All - I am working with the lender to finalize the financing for a Duplex in WA state. After going through multiple options, the best deal available is 30 years fixed conventional 15% DP at 4.125% interest. I plan ...
Mark Kennedy
Why is REI so popular if it takes YEARS just to break even?
I've really wanted an answer as to whether real estate is a get rich slow endeavor, and after watching Brandon's video on How to Quickly Analyze a Property Deal it seems to be the casehttps://www.youtube.com/watch?v=X...
Scott Sutherland
Texas Proposes New Short Term Vacation Rental Regulations
Texas recently proposed 3 bills which will add many of the same regulations currently reserved for hotels to short term rentals. The rules appear very similar to the ones we operate under in the city of Austin, but th...
John Bateman
Assignment of Rents
Hi, I have a question and hope someone can help. We live in Gallatin TN and we just bought our third revenue property. We're using a new lawyer. First they want copies of DL, CCs and Passports??, we've never been aske...
Taylor Jones
Do people like losing money in the Smoky Mountains?
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
Allen B.
Typical per-unit maintenance for urban class C?
Hi All,What sort of numbers do people like to estimate for per-unit maintenance? I'm specifically looking at medium-size (say, 12-50) unit, older but in good shape, class C buildings around Chicago and suburbs. Actual...
Lyndon Layoso
Land Development Ideas
Happy Friday everyone,
We are relatively new to real estate investing, so there is a lot we do not know. About 20 years ago my parents bought 10 acres land in Lancaster, CA. Thinking it would develop into a thriving ...