Hi guys,I own a real estate company that manages around 150 Airbnbs around the US. I'm hiring a new head of operations and I want to incentivize them to be excited when we add new properties to the portfolio. What wou...
I was wondering what percentage people are using for vacancy, repairs, capex, and management fees when using the rental property calculator to evaluate deals. I have been using 5%, 5%, 5%, and 8%. I didn't know if thi...
Good Afternoon All!I'm in my last steps to lock up financing (conventional) on my first investment property - final inspection was this morning and am discussing options with my lender. For those purchasing homes tha...
Hello BP,I know this is not a question that has a "right" answer but I feel the need to ask it anyway. How far is too far from your town is too far to buy your first project? My husband and I are looking in our area a...
I have a property in Texas with a on site manager that is...lets just say not very motivated. Im out of state and want this building filled...she states she is trying but watches Oprah all day. I am condiering a chang...
Using historical data, census bureau for income and NAR for housing prices, from 1968 to 1999, housing prices averaged 2.769 times yearly income. In 2006, housing prices were 4.566 times yearly income. Based on soun...
I am new to wholesaling. Any mentors out there or recommendations on where to find one? What should I expect (50/50 split, fee based, etc..) Any info in this area would greatly appreciated! Thanks
So here is a thought I had:
If rent is due on the first, and has to be received on the first, couldn't I give the cure or quit notice on the 2nd day?
Background:
Currently my rent is due on the first (postmark) and m...
As a California home loans professional, I do the best possible job for my clients. I've had many of my past borrowers as well as prospects call me, and ask my opinion of REO property. I've been suggesting to them t...
As I begin this journey I know one of the things I'll struggle with is FOMO and feeling I'm missing out on a deal. Being an accountant I can usually keep my FOMO in check by looking at the numbers of a deal, but at ti...