All Forum Posts by: Ryan Konen

"What is the biggest lesson you’ve learned about managing risks in flipping houses?"

I'm not in that market but I would recommend finding off-market deals, targeting distressed properties, or focusing on smaller multifamily units in less competitive neighborhoods. Creative financing, partnerships, or shifting to long-term appreciation rather than strict cash flow might also help in this market.

You are correct that comping software like Privy, Propwire, and Propstream primarily rely on public records for their data, such as county assessor records, MLS feeds, and sometimes 3rd party aggregators. The differences lie in how they aggregate, update, and present the data. They focus on timeliness, accuracy, and user experience. Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms. Look for opportunities to propose seller financing, lease options, or subto. Ensure the numbers align with your goals, factoring in cash flow, exit strategies, and risk mitigation.

From my point of view for event guest screening and security deposits, Superhog is reliable and integrates well for STRs and events, but you might need to adjust its setup for your use case. ChargeAutomation works but can be less user-friendly, as you noted. Consider Autohost or Hostfully both offer robust guest verification and deposit collection, tailored for professional hosts.

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits. Renting the garage brings income and partial tax deductions for expenses but adds complexity. Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale. The choice depends on their priorities simplicity now or long-term tax advantages.

These are some good ones to check out 

Guidant Financial, known for its quick setup times and dedicated support

FranFund, which offers streamlined processes and excellent customer service.

Benetrends Financial is another trusted option, offering efficient, compliant setups as a pioneer in ROBS plans. For a more personalized approach

CatchFire Funding is a specialized provider known for rapid execution tailored to entrepreneurs. 

All these providers balance speed with compliance, so it’s worth consulting with them to compare timelines, costs, and support for your specific needs.

Welcome, Anthony! 

Your $950/month on property B isn’t being “thrown away”. It’s building equity in an appreciating asset with a low 2.75% mortgage. Since your friend covers utilities, this offsets some of your cost. Keep tracking equity contributions, as this will be crucial when transitioning property B into a rental or selling your share. To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow. This property has strong potential, so think of your payments as an investment in your future portfolio. 

Welcome! 

I saw this! Could be very interesting to see if they goes through