I see a lot of talk about the importance of hiring a property manager (PM) rather than self managing. For 20 years I have managed my own properties so I wanted to offer some thoughts on the advantages of self managing...
A friend of mine (seriously, I'm not the "friend", this really is about another person) is in need of some advice as to how to evict a tenant of 5 years with no written lease in place. The tenant has hardly ever paid ...
This is my day job, and it's been both horrifying and interesting watching our healthy capital markets gradually deteriorate into a Michael Lewis financial disaster book. Thought it might be interesting to share war ...
House has termites and electrical problems. Seller doesn't have money to rectify both problems. Seller agrees to repay me. An addendum is signed by both parties. Underwriter has this addendum which states, at closing,...
Hello! Long story short, we were trying to wholesale a property but ended up closing on it instead. It's our first project and we want to do the BRRR method. Problem is, the extent of the renovation is HUGE. It's a 18...
Hi all,Market is very expensive in my area and most properties if rented would barely cover mortgage payments, however, my friend, few years ago was buying Studios in co-ops that allowed to rent out and she's making a...
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...
Hi,I will be completing multiple 1031 exchanges over the next 24 mths ( starting in June of 2024 ) and I am primarily interested in passive real estate investments as I am easing into retirement.I have a 30 plus year ...
I am in the process of finding my first rental property to buy and hold while gaining a bit of extra cash flow.My question: Is it better to start out with TurnKey investment properties? I know it will typically involv...
Hello everyone,
I’m diving into the world of short-term rentals and would love to hear your unique insights! I am on the journey to acquiring a charming 2-
bedroom, 1-bath cottage in a popular tourist area. To make ...