Hey everyone. I posted a few days ago, thank you for all of the replys. Im so new to this, and working backwards. I saw the house for sale, decided to buy to STR it, and I close today! I have to paint and repair a few things. And I plan to have my children and I clean between guest stays. I dont ...
Been testing a lease abstraction pipeline I'm building against SEC filed commercial leases (mentioned this in my intro post a couple weeks back), and one of them has been stuck in my head since I found it. 2021 office lease, Pittsburgh. Section 1.W of the original lease: tenant's proportionate sh...
We do something in our property management company that I know some landlords and PMs disagree with: We require an application before we schedule a showing. I've gotten some pushback on that recently, and I understand the argument. We're intentionally adding friction at the top of the funnel, and...
One thing I see newer investors focus on too heavily is the purchase price and the rehab number. Those matter, but they’re not the whole deal. Before I’m comfortable with a flip, I want to look at: 1. Purchase price 2. Realistic after-repair value 3. Rehab scope and contingency 4. Financing costs...
After successfully deterring/denying dogs in our rental properties (we allow cats) one of our tenants brought a dog into our property. They were honest about it, called to discuss, and wanted my opinion of the situation. For context they have only lived in our rental for about 6 months. My first ...
I have been paying closer attention to the difference between nice-to-have amenities and the things that make a stay actually work for the groups we host in Central Texas. Things like reliable shade and seating that does not melt in the heat, a kitchen that can handle real meal prep for the numbe...
If you are a brokerage founder, property management team leader, or syndicator, I want to ask you a brutal question: What percentage of your week is spent working on your business versus working in it? Most real estate founders are stuck in an 80/20 trap. They spend 80% of their time trapped in t...
Had an investor call me over the weekend, looking for a lender in St. Louis on a property worth about $69k. He is an out of state investor. Does anyone know somebody that could help?
After many of the Ashcroft capital syndications paused distributions, I get this surprise email this morning saying all LP investors need to pay additional 19.7% of invested capital call anyone have experience with capital calls and syndications? Is there ever a position outcome to these or are w...
Rates were higher in 1996 and deals still penciled. Where do the numbers stop making sense today? We keep hearing "7% is historically normal, quit complaining." That's true. The 30-year averaged about 7.8% in 1996, and it's 6.95% this week. In 1996 the median house (year I bought my first house) ...
I'm going to do my first rehab this year and I plan on financing with a HELOC, but the property I'm using is almost paid off with a great interest rate. Should I pay it off first?
Hello, I rented a single family home to a family with two toddlers, and within 2 months of living in this home (new construction new home) they called and said there was dampness around washing machine. I sent the plumber out and he said there was nothing wrong with the machine (it is a brand new...
For those that have not ran into my previous post, my name is David. I'm a new real estate investor focused on Multi Family properties. I've been up thinking about financing. When going into a deal and you are preparing to finance a duplex (for example) with a 30-year fixed mortgage, is the capit...
I am trying to recover debt from a former tenant and found a company called Front Lobby that allows you to report debt to the 3 credit bureaus for a fee. Has anyone used this service before? Looking for Pros / Coms and alternatives.
I run a small Airbnb/VRBO portfolio and I've spent a lot of time this year digging into the bookkeeping side of STR ownership. The more I looked, the more I realized how easy it is to get the numbers wrong — especially the gap between what platforms deposit into your bank and what Schedule E actu...
With the Tampa Bay Rays planning their new stadium on the Hillsborough College Dale Mabry campus — right near Raymond James Stadium — I’m curious how other investors are looking at the surrounding Tampa Bay market. I’m Josh Ray, a real estate agent with Investing N Florida and investor in the Tam...
– Why Every Remote Investor Needs Boots on the Ground The farther away your investment is, the more important accurate information becomes. Photos only tell part of the story. Phone calls don’t reveal workmanship. Invoices don’t always mean the work is complete. Whether you’re across the state or...
Proper property insurance is a critical requirement for DSCR Lenders. While the primary risk evaluated by DSCR Lenders is the risk of borrower default, i.e. failure to make payments of interest and principal on the loan, the biggest risk facing a DSCR Lender is different. In the case of default, ...
When I look at STR acquisitions in Central Texas, revenue comps and bedroom counts are easy to pull. What is harder and more important is whether the physical property will support the guest experience that justifies those numbers once real people are staying there. I check kitchen and dining flo...
Hello, I recently purchased my first house hack in Indiana! Are there any house hackers in Indiana hanging out here in the forums? I’d love to connect!
Not looking for the obvious "get a PM" answer more interested in what still falls through the cracks even with one in place. If you've got a recurring headache or a story that surprised you, I'd genuinely like to hear it. Also curious for those who've gone through a few PMs what were the pain poi...
Hello All, My name is Dilshad I live in Virginia. I am new to the Real Estate categories. I'm more interested in Real Estate rental/commercial rental properties/private lending/. But my first goal is to learn of rental properties of NNN leased. Wasn't sure where to turn or go as confused myself. ...
I know of a contractor who was very respected in his business. Successful guy. Always busy. Construction, primarily. At any given time he had at least three large projects going. People depended on him. One weekend he went to his country home, as he did almost every weekend. Except this time he h...
I keep going back and forth on this and want to hear how the community is thinking about it in today's rate environment. A cpl of questions: - If you're sitting on $50K-$100K of equity and want to pull it out for your next deal, how do you decide between a HELOC and a cash-out refinance? -Has any...
I'm based in Metro Detroit area and working toward my first house flip I'm looking to connect with local investors who are actively flipping houses and learn more about how you actually operate your projects A few things I'm especially interested in leaning: How you estimate renovation costs befo...