Pre-foreclosures, Foreclosures, Auctions, REO are all different phases of the same property within the process. It differs state by state. Bankruptcy falls into "usually" either chapt 7 or chapt 13 and have their own set of rules that are federal (nationwide). The foreclsoure process is different...
I've been thinking about how much the short-term rental industry has changed over the past few years. Between higher operating expenses, financing costs, increased competition, and changing guest expectations, investing in an STR today requires a different approach than it did just a few years ag...
Hi Guys. I am finishing a three-apartment unit renovation, and I am starting to look for a lender to refinance it long-term. Any suggestions for companies you had a good experience with? Can be brokers, banks, etc.? Are there any lenders charging less than 7%? I would appreciate any help and guid...
Hey everyone! I’m a fourth-year mechanical engineering student graduating in May 2027. My plan is to move to Raleigh, NC, get a full-time job, and buy a duplex where I can live in one unit and rent out the other. Right now, I’m focused on saving money and keeping my credit score strong, but I fee...
Philadelphia's new Safe & Healthy Homes Act goes into effect Nov 1. It raises the stakes for small landlords. Unresolved property violations could put rental income at risk, and delays in addressing problems could make repairs more expensive. What's concerning is that landlords may not even know ...
And now for a reality check about wholesaling. Most experienced wholesalers spend about $2200 per closed deal, and average an occasional deal if at all. Most wholesalers have a life cycle of about 6 months before they move onto something else. Wholesaling doesn't allow you to represent the seller...
Hello everyone, I'd like to learn from your experience in real estate. What tasks or problems in your real estate business regularly cost you time, money, or opportunities? I'd also like to understand: How do you currently handle these tasks or problems? What usually goes wrong, and how often doe...
Hi everyone I work with a few private/hard money lenders who fund acquisitions, renovations, and DSCR refinances for investors. If you're working on a deal and need financing, or just want a backup option alongside your current lender relationships, feel free to reach out. Happy to help however I...
I've always found it fascinating how much a lender can know about a borrower without necessarily knowing whether the guy is any good at what he does. We want tax returns, bank statements, credit reports, income history, and enough documentation to reconstruct his financial life since kindergarten...
There are already a couple good posts on this, where I have also put in my 2c on the new changes, but I think this photo is handy in digesting it quickly.
We run 236 doors in Memphis, mostly single-family and heavy on Section 8. Every turnover runs on the same 21-day scheduling system. Not a goal — a schedule. Day 21 is rent-ready, and the calendar doesn't negotiate. Why a fixed system: turnover and vacancy cost more than repairs. Every week a hous...
A friend asked me whether Louisville really had a world's fair. It did, and the paperwork has a good lesson in it for anyone who buys land. It was called the Southern Exposition. It opened August 1, 1883, and ran every summer and fall through 1887. The city's Board of Trade sold stock at $25 a sh...
Attention, Chinese residents in Southern California—including those in Los Angeles and the San Francisco Bay Area: the illicit activities of a local real estate agent named Peng (909-313-8702) have finally come to light. Operating within Chinese communities across the Bay Area and Los Angeles, he...
It's easy to blame difficult residents when something goes wrong. Late rent. Maintenance disputes. Lease violations. But after managing hundreds of residents, we've found that many of these issues actually begin long before move-in. Poor communication. Unclear expectations. Incomplete documentati...
What strategies are people using to make deals work in today’s market? I’m struggling to find deals that cash flow. Any tips anyone has that is working for them? I’m located in the west houston market (fort bend county).
How many markets did you research before pulling the trigger on your first out-of-state deal? For me, the biggest factor is having someone on the ground I trust who can be my point of contact. The numbers have to work, but having a reliable local connection matters more than anything else. That’s...
A small drip that sits for a month is usually cheaper as a plumber visit than as drywall, paint, and flooring. Four places we check on every Orange County rental walk: Washers and under-sink lines. Cabinet floors and baseboards show slow leaks early. AC drip pans. A clogged pan overflows into the...
Every rehab budget looks disciplined on a spreadsheet until actual bids start rolling in. A couple of years ago, mechanicals and trade labor were relatively predictable. Lately, it feels like one specific line item always comes in 30% higher than expected—whether it's an HVAC changeout, panel upg...
I run 236 properties in Memphis, and a lot of good tenants do not look good on a standard application. Past issues get them screened out everywhere else. That is why I use a second-chance program, but it has rules, and the numbers have to protect the deal. Here is how it works. If they do not qua...
Hi, all so as a new spec home builder I am looking to do my first build soon, as someone who has done this multiple times what are common mistakes that has occurred in beginners and if I were to go over budget for example or made a another mistake any ways to fix it what are the consequences in t...
Agents: 120+ Days on Market. Another Price Reduction—or Different Terms? I keep seeing properties sitting on the market for 90, 120, sometimes 180+ days. And the conversation often goes straight to another price reduction. Sometimes price is the obstacle. Other times, the buyer simply can't make ...
Morning all, We are getting ready to buy our first short term rental on the Oregon coast, I was wondering what folks thoughts were on trying to do a mix of short term rental and medium term rental. Medium term through the deep winter. I may just stick with short term but was kind of curious what ...
Most rental stress comes from things that were never set up. Four systems we run on every Orange County unit: - Put it in writing. Lease, house rules, and every request and answer in writing. Memory is not a record. - One repair channel. One way for tenants to report repairs, a reply on a set clo...
Hi, To close dscr 100k turn key sfh rental home how much I have to save up including all down payments, taxes, closing costs, points, fees etc etc. My middle score around 681. Has some credit card debt with debt to income more than 50% currently. Is debt to income relevant for dscr? I have some c...
I see a lot of conflicting takes on how the IRS views travel and drive time for short-term rentals under the 100-hour material participation test. If you're driving 45 minutes to a property to fix a lock or check on a contractor, do you log the drive as a separate line item from the actual work, ...