6 November 2025 | 64 replies
@Harsh Patel for your learning journey: I would consider a person with 1 eviction IF: They explain why the eviction happened, I saw a financial hardship event of causation, something has changed in their financial capacity since then, they pass all other criteria, they post minimum double security deposit and pre-pay 1 full months rent and retain a pre-pay of 1 full month rent paid for 1st year tenancy.
24 October 2025 | 4 replies
I still listed them in expenses below for clarity, but if you’re running your own numbers, don’t double-count them.Operating Expenses (Professionally Managed)Property Management: 10% ($297/month)Maintenance Reserve: 5% ($148/month)Vacancy Allowance: 5% ($148/month)Taxes & Insurance: $559/month (already included in mortgage payment)Total Monthly Operating Costs (excluding double count): About $593If you include them anyway, total would be about $1,152, but again — taxes and insurance are already baked into the payment.Cash Flow SummaryGross Income: $2,965 (current) / $3,300 (market)Operating Expenses (excluding taxes/insurance): $593/monthDebt Service (mortgage + carry): $2,271/monthNet Cash Flow: +$101/month now, +$436/month at market rentsCash-on-Cash Return: 1.9% now, around 8% at market rentsWhy I Still Bought Over MarketEven though I paid about $25K over value, the creative financing saves roughly $10K per year in interest versus a new conventional loan.
27 October 2025 | 3 replies
Double check you are getting the full amount.
22 October 2025 | 14 replies
Top performers sell feelings: peace, comfort, excitement, convenience.Even small wording changes can make a big difference in conversion — I’ve seen hosts double their bookings just by adjusting how they describe their space.👉 What’s one small change that improved your booking rates> I love testing different ways to make listings stand out — it’s amazing how small tweaks can bring big results..A turn off for me is seeing an otherwise ok place that has white appliances.
23 October 2025 | 11 replies
Liability protection, especially if you’re holding multiple properties.Partnership structuring, if you’re investing with others.Cleaner separation of finances, if you use a business bank account and separate books.What You Could Do Next:If your goal is to deduct more, consider whether you (or your spouse) can meet REPS or STR criteria in the future.Speak with a real estate-focused CPA to double-check how those reno and repair costs were categorized (repairs vs. capital improvements), and how your passive losses were handled.This post does not create a CPA-Client relationship.
25 October 2025 | 3 replies
So for the past couple of days I have been trying and calling different law offices to find a real estate attorney to handle my double closings and such but no one has answered my voicemails I am very confused Because there's so many different attorneys And I couldn't really find a law office with a supposed closing attorney please help!
5 November 2025 | 17 replies
Just make sure your lender allows assignment/double close and will lend on a wholesale deal.
23 October 2025 | 1 reply
Also BuildZoom and Nextdoor have verified local pros if you want to double check credentials.
10 November 2025 | 7 replies
Great point and ultimately it is a double edge sword.
27 October 2025 | 6 replies
The wholesale people I have never heard from unless they could buy and then flip/double close.