A property can look attractive on paper, but what happens when property taxes increase, insurance premiums jump, or an unexpected repair wipes out several months of cash flow? Im curious how investors account for those realities before buying. Do you prioritize: * Strong cash flow from day one? *...
Here's a question I've been thinking about: Would you knowingly purchase an investment property that generates negative monthly cash flow if you believed it had strong potential for long-term appreciation? Some investors prioritize cash flow because they want their properties paying for themselve...
We inherited paid off rental properties. 1 house, 2 duplexes We have put in a lot of rehab in the properties to increase rental potential. We were told from a credit union bank we could only pull 50% of home value. We need 75-80% and need to pull from all 3 properties. Does anyone have any sugges...
By no means am I complaining; It seems as the more I get after deals, the more unique lenders I encounter. How do I know which lender to use or what scenario works best for one lender over another. There are some advantages I’ve noticed so far single family fix and flips. One lender offer 100% pu...
Happy Monday! I’m looking into starting in multifamily. I’m trying to do my homework about it. Does anyone have any advice or somewhere recommended to start my research? I also have seen a few companies that offer programs/ mentors that claim they will help me close on a deal. Are any of them wor...
I've done everything right. I bought low. You stayed on budget and finished a major renovation, including roof, electrical, plumbing, added bedroom, bathroom and walk in closet, redid hardwood floors, new kitchen, sheetrock and paint in 5 months. The numbers still look good but now the house is j...
I have been exploring the idea of doing a live in flip or "modified" house hack. As a back ground, I have a senior and sophomore. So, I don't want to do anything too drastic like living in a 2/1 apartment. But, I am looking at potential ways to decrease my monthly expenses or utilize my money for...
Hi, I noticed that the potential buyers I contact to assign a contract do not work, or not interested in working with wholesalers. The pattern is same with individuals, investors and builders. What is the problem? What kind of people work with wholesalers then? Thanks in advance to everyone who c...
I've noticed that I'm not getting the same rent amount as I have been getting the last couple of years as rents seem to be dropping in my area. I wonder if any landlords proactively lower the rent on existing tenants so they don't move out or do you continue to charge whatever it was at until the...
My husband and I purchased our first duplex in Columbus, OH, in early August for $430K. We live in Massachusetts, and this is our first multifamily and first out-of-state investment. We budgeted around $40K for repairs and renovations and interviewed four general contractors at the property befor...
When it comes to building a relationship with a property management company, what do you value most? Whether it's communication, transparency, reliability, or just knowing your clients and investments are in good hands. Curious to hear what everyone looks for in a property management partner and ...
Hey guys, I have a 60+ unit, Deal and PA Pittsburgh looking for information on the do’s and don’ts and what’s needed with bridge loans rehabs, is it realistic to close within 30 days? Rehab draws , etc..
I’m exploring multi-family properties in Port Chester, NY. Anyone experienced / familiar with multi-families in that market?
Hi everyone, I am a banking professional living in CA, and I am brand new to the real estate investing world. Instead of jumping into property questions, I wanted to ask the community about the mindset and skill transition. For those of you who came from a professional finance or banking backgrou...
I have been focused on one zip code in Delray Beach - 33446 - specifically townhouses in Monarch Lakes and a few around. I pulled 200 owners who have owned 20+ years and live out of state - Michigan, Ohio, New York mainly. I skipped the big list companies and tried to find real cell numbers, 2022...
A vacant unit in winter is where small misses get expensive. Here is the checklist I run the day keys come back. Utilities first. Transfer gas, electric and water into the owner's name the same day so there is no shutoff gap. Set the heat to a steady temperature and read your insurance policy's v...
Some landlords love buying rentals with an existing tenant in place. You skip the initial vacancy, avoid an immediate make-ready punch list, and collect cash flow on day one without spending weeks screening applicants. Other operators have a strict, non-negotiable rule: delivered vacant at closin...
Hi, My property manager runs runs disbursements on 15th or later depending on weekends or long weekends. It taking around 7-10 business days to show on my bank account. Technically I am not receiving rent till month end unhappy ideal path. If tenants delay rent in unhappy path he does not run ano...
When does giving a tenant grace turn into financing their lifestyle? I was sitting in eviction court when another landlord’s situation caught my attention. His tenant’s rent was $1,500 a month, and he waited nine months to file. $1,500 × 9 = $13,500. Every month, the tenant had a new story: car t...
Good morning All, my name’s Franklin, and I’m a new landlord. I bought a duplex in Lorain, OH; just outside of Cleveland. It came with tenants already, so that was nice. Now i need to do some improvements to the home, but i’m having a hard time getting contractors to call me back. Does anyone hav...
I own 236 properties in Memphis, and I still run every deal the same way. No story, no hype. Just 4 numbers. If one of them fails, I pass and move on. Deal flow is the bottleneck, not finding a reason to force a bad deal. 1. Purchase price. I buy single-family BRRRR deals under $100K. That is the...
I think a lot of landlords don't give enough thought to this question - when you've owned a rental for years, it cash flows, the tenants are decent, and you've got no particular reason to sell it. So you don't. But what if you bought that house for $80K and today it's worth $180K? You're sitting ...
Anyone used a turnkey company that was successful?
Hi everyone, I own multiple rental properties. Some are held in an LLC and others are in my personal name, mainly for mortgage reasons since they're financed in my name. All of the properties are insured, and I also carry an umbrella insurance policy. I'm looking to better protect myself and my p...
Hello everyone! I'm a North Jersey-based real estate investor and have been acquiring two-family properties over the past four years, achieving 20%+ IRRs. I've also completed value-add renovations and have been managing the properties myself. (buy & hold) Lately, I've been seeing more price cuts ...