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 ...
Many investors spend years focusing on cash flow, appreciation, and debt paydown. Then they sell and discover depreciation recapture and capital gains taxes can take a significant bite out of their profits. For those with larger portfolios: What's your exit strategy? 1031 forever? Sell selectivel...
Vrbo sent me an email today about changes to their host cancellation policy, and they've upped the penalties, as of October 15th. And they are increasing the suspension times. Bolded sections below are mine: "What is not allowed - At Vrbo, we expect hosts to accept booking requests and honor conf...
I’m heading down to Austin next month and plan on checking out some properties while I’m there. Obviously, the Austin housing market has taken a pretty significant beating from its peak. That’s actually part of what has me interested in taking a closer look at it now. For those who live or invest...
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 ...
What I Want to Know BEFORE Investing in a Passive Investment Before I invest in SOMEONE ELSE’S deal, I want to know five things even BEFORE I analyze the financial data of the investment itself 1. Is the investment offering compliant with SEC Reg D Offerings? If it isn’t, I’d only invest if I hav...
Anyone out there ever done a seller carry deal with no down payment and no interest? I was approached by my neighbor about an off market deal. She owns a rental property and we share a lot line. Her husband passed away unfortunately so she’s trying to offload the rental while she can still file j...
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?
Hey guys and gals, hoping for some advice on how you manage our water utility bills. We own two duplexes and currently our renters pay all utilities except water. When we first got into real estate a local investor told us to always keep water in our name because it was a bigger issue if it gets ...
Post an address and I'll run it and put the result back in this thread. Disclosure first: Verus-AI is mine, I built it alone, and this isn't a pitch — I won't link anything or ask you to sign up. I want to find out whether the thing is any good, and the only people who can tell me are people who ...
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.
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...
I’ve had a plan for 3 average rentals in 5 years to get started. I’ve been looking at $225k-$250k. I haven’t looked for home runs at all. Until this deal fell into my lap, and I got my offer accepted. This home is $300k. I can barely afford it with around $150 a month left after my base pay. I ju...
For those of you who’ve been in real estate for a while: What part of your business feels more complicated, inefficient or frustrating now than it did in the early years? I’m especially interested in the point where the business is already established, but growth starts creating new problems arou...
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...
I am a licensed real estate agent that is not practicing due to not paying the start up fees. I am also with Kiavi as a independent Mortgage broker. Any tips on how i can get started as a referral agent is welcomed and as a for mortgage broker. I do not have a car but i am working on that. Feel f...
Hi all, I am totally green, haven't even purchased a property yet. I'm looking to partner with my dad on my first property. I'm interested in investing in short and/or mid-term rentals in my local area. I've talked to some other investors, and I believe there is a market for it here, and I've als...
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...
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...
Hello, I am short 40k for my next deal. I have 2 options to access cash. Option 1- Sell a vacant lot in SW Florida that was purchased in 2022 at a premium. It’s value has dipped and is not going up any time in the near future. Consistently receiving offers for 10k less than what I paid (a 20% los...
I got $20k to put down. What is my best strategy for the biggest ROI?
Three questions from a newbie: Where are we listing our midterms for bookings? I've heard of furnish finder, Corporate housing by owner. Are there any other which ones worth the cost? Last question is on pets: my rental will have hardwood floors. Do I allow them or not? The reason for asking is I...
Here's a way to lose money at a tax sale that never shows up on anybody's lien checklist: you win the land, and somebody else still owns the house sitting on it. A manufactured or mobile home starts life as personal property. It carries its own title, the same way a car does — issued by the state...
A lot of deals look acceptable until one ordinary expense assumption changes. For example, a property may appear to cash flow using the seller's current tax bill, last year's insurance premium, and a light maintenance estimate. Then the reassessment arrives, the insurance quote comes in higher, o...
Looking for any recommended contractor that could help with a project in the Avondale/Logan Square neighborhood of Chicago. Full interior gut rehab of a 2-flat. Would very much appreciate any recommendations.