15 April 2025 | 51 replies
Even in a mediocre market, if you have a great agent and a great PM, you will outperform a great market with a mediocre PM and agent.That's also why I think it makes no sense to invest in 17 different markets: you don't know much about any of them, you have to build a network of people in every market, the law is different in every State and it's physically/economically impossible to visit any. (1-4 units anyway, large commercial is different).
13 April 2025 | 11 replies
Which market you pick does not matter that much as who you work with (you are already on top of that) and how much YOU know about the market, which links back to physical access, in your case a direct flight and the ability to spend some time to learn about trends and neighborhoods, physically see some properties.The single best metric to qualify agents is production: 6 deals per year are average and indicates very little knowledge, over 15 is better.
13 April 2025 | 11 replies
Nothing ethically awkward about that 😉 Cold calling is targeted because the emotional and physical barrier to entry is so low so people go nuts calling people.
10 April 2025 | 7 replies
Do appraisers look for specific physical work done on the property or will they take increased rents, etc. into consideration?
9 April 2025 | 4 replies
Quote from @John Friendas: Hello,The house I recently purchased and am rennovating is physically a Quadplex, has 4 numbers and separate entrances.
9 April 2025 | 17 replies
I have my own leads (name of decedent, physical address of property, personal representative for the estate, Their physical address.
15 April 2025 | 376 replies
She is an excellent writer and helps people like you understand the massive financial, physical, educational, and moral damage that those beliefs have incurred on WHITE people.
8 April 2025 | 5 replies
At the risk of stereotyping, women are more inclined toward “helping” professions—such as services—than those that require physical labor.So where have all the good working men gone?
8 April 2025 | 20 replies
Knowing health care costs maybe in the $5-7k/month range.4) Your leverage situation is capable of handling two troughs; not just RE, but any debt. 5) Your real estate is physically in shape(no major capex for 7 years +)6) Your holding cash flow as 50% property reserves before profit. 7) Your location is quality enough to deter vacancies and, not or, keep very good tenants with average turns of 3, 4 years.8) You have another stream of income, or two, that can cover 125% of your debt payments.9) You're insured, mitigated against legal issues & natural disasters appropriately.10) You're able to save 15-20% of your current income for real retirement age If you dont have those things, you're not financially free.
7 April 2025 | 8 replies
Here’s a simple step-by-step guide:Step 1: Choose a NameMake sure your LLC name is unique and includes "LLC" or "Limited Liability Company" at the end.Check name availability on the Tennessee Secretary of State website.Step 2: Appoint a Registered AgentThis person or company will receive legal documents on behalf of your LLC.Must have a physical address in Tennessee (not a P.O. box).Step 3: File Articles of OrganizationThis is the official paperwork to create your LLC.File online at the Tennessee Secretary of State website or mail a paper form.Filing fee: Starts at $300 (based on the number of members).Step 4: Get an EIN (Employer Identification Number)This is like a Social Security number for your business.Apply for free on the IRS website (takes minutes).Step 5: Create an Operating Agreement (Optional but Recommended)This outlines how your LLC will be run.Not required by Tennessee, but useful for setting rules between members.Step 6: Register for Taxes & Business LicensesDepending on your business type, you may need to register for sales tax or other licenses through the Tennessee Department of Revenue.Some cities/counties require a business license too.Step 7: Open a Business Bank AccountKeeps your personal and business finances separate.Most banks require your EIN and Articles of Organization to open an account.And that’s it!