All Forum Posts by: CJ M.

@Gregory Schwartz

There's nothing passive about passive real estate income.

Hello. Obviously lots of factors play into this (market, debt service, etc.). That said, I still see people doing BRRRR deals now...albeit not as many. Personally, my strategy (in the midwest) has changed over the past few years and BRRRR hasn't been the go-to approach as much. In fact, I recently wrapped up a BRRR (minus the "Refi" part). That said, if I was to refi it, I would have only needed about 62% LTV to recoup 100% of expenses (and it would still generate $262/mo in cashflow). But...that was the only solid BRRRR-ish deal I saw like that in all of 2024. You just got to have a hunter mentality. The deals are out there...Wishing you the best of luck!

I live solely off my rental income so it's definitely not a myth ;)

@Brittany Guimond

In the Midwest, I've found demand and prices have been way up...but tenant 'craziness' has also been way up.

@Albert Johnson

Would not add him...but the reality is he'll still be there often enough to basically live there.

@Pradeep Roy

I'd prefer LVP, but that certainly wouldn't be an issue for me if my overall numbers/returns on the deal met my criteria. Hell, having laminate is better than having carpet carpet imo (assuming good quality of course).

@Nathan Gesner

Correct, sorry I was asking for my own knowledge and not necessarily the OP's. Also, asking under the assumption the Second Cause/Writ was signed off on from the court. In those instances, what is the next step you usually take for filing with collections?

@Nathan Gesner

Can a landlord report a tenant to collections on their own?...or do they need to use a company? What is the average cost of reporting to collections?

Decided to move forward with purchase. (Not sure if I'll flip or keep as a rental). Plaster is in good shape and comps are actually 135-140K. Rent would be 1295-1395/mo.

Appreciate everyone's help!

Hello,

None of my deeds are Survivorship, however I want to make sure my family is taken care of whenever my time is up on this Earth! I can change the deeds for I think $35-$40 each, but was wondering if instead, I could just transfer my company/LLC to somebody via Will. Is that even possible?