We've done a number of rehabs now. This is the first property we've bought where we have to replace super old windows. Holy shit I knew windows were expensive, but didn't realize how expensive. Seems like most small window companies don't want to deal with rehabbers/flippers.

Where do you source your windows? Seems like home depot has the best pricing so far.

Not sure if anyone cares but chat gpt helped me lay all this out, I wouldn’t be able to without it.

I’ve been approached by my mom and her husband with a proposal to help them qualify for a mortgage to buy a vacation condo in a popular snowbird/summer vacation destination. They plan to rent it out as an investment property. Here’s the deal:

Bryan already owns a home in Arizona, and they’re able to put down 10% (mom’s savings) for the condo. However, they need my income to qualify for the loan. I make $130k–$150k per year, and their lender plans to include 75% of the projected rental income (around $4,000/month in peak months) in the qualifying calculation.

Mom is currently unemployed and plans to handle the property management full-time, including bookings, cleaning, and tenant communication. Yet I don’t see that going well if she’s now out of her savings and needs a full time job for cash flow. Bryan will cover any unexpected expenses if they arise, but they want to avoid involving a property management company to save costs.

I am adamant about any surplus rental income being saved for a second investment property and build a portfolio. The goal isn’t personal cash flow but long-term growth. Yet as stated above I am worried they lack the discipline to not just consider this my mom’s new cash flow

• My Role and Benefits:

• Scenario 1: I help them qualify with no financial responsibility, and in the event of their deaths, I’d inherit 25% of the estate. The other 75% would go to Bryan’s two kids (unemployed) and my brother (also unemployed).

• Scenario 2: I assume some financial responsibility (covering a small percentage of the costs if needed) and would get around 30% ownership, though I feel it should be closer to 35-40%.

Concerns: 1. There’s no formal plan for vacancy periods or rental income fluctuations. - Not entirely true, these scenarios should be dealt with by any surplus cash flow that has been saved per the agreement. Nothing has been written yet.

2. They don’t want to involve a lawyer for a legally binding contract, though I’d prefer one.
    - We plan to write a legally binding contract, id like a lawyer to cover my butt. Not sure how to navigate that though. Also $.

I’m on the fence. On one hand, this could be a great opportunity to build wealth, but on the other, I feel like I might be taking on risk without enough upside. It seems that this would get in the way of me buying my own home in the future, they stated that if it has positive cash flow then it could benefit me and if it got in the way they would be willing to refinance to let me out. Next year I will get certified for my license in a trade I’ve been working to master since 2016, I’ll finally be making real money. I dont want this to f up what I’ve worked and waited for for so long due to something unforeseen.

What do you think about this situation? Is this a good idea, or should I approach this differently? Have any of you dealt with something similar? I’d love to hear your advice and perspectives.

I’m a first time homebuyer and plan to buy a home at auction using 203 FHA loan, redo it, hold it for 366 days and live in it, then sell it. I plan to buy the house around 40% under market value. I currently own a company where I buy, refurbish and sell horse trailers, and I am also a realtor, so I am pretty well-versed in the market, and I plan to do most of the flip by myself. My question is how practical do you think that is. And also, I have ideas of what I should do once I sell the home. One of which being use the proceeds as a down payment and get another loan on 10 acres, buy 10 12x36 sheds, redo each shed myself and give each lot about an acre of secluded property. Then rent each home out for like $900/ month. I’d also do the utilities and dirt work myself. I’m wondering if anyone has done this or knows of anyone who has. Thank you in advance!

Rent is 1k/month for a single room. Tenants make’s 9-10x that per month POST tax. Really interested in unit due to location from work and surrounding amenities.

Mentioned lived in shared out with a friend before. Income/employment all checked out.

Am I overthinking?

Hey! I built a Chat Automation Tool for myself and want to see if it can be useful for others. It is able to respond to questions from prospective tenants.

How It Works:

1. Provide Context Once: Give it the info it needs.
2. Let It Chat: Handles chats on:
   • Fb Marketplace
   • Renting listing portals
   • iMessage
   • Android messages
   • ... and many more
3. Able to respond quickly: So engagement with user is not broken
4. Keeps Waiting for User Response
5. Involves You Less Often: Only pings you (on phone) when necessary.
6. Privacy: Everything runs locally on your PC (except for interactions with ChatGPT), ensuring your data stays private.

Not promoting anything here, but looking to get some feedback if others face similar problem too and it can help them.  

I am thinking of buying a plot of land in North Quincy Massachusetts for 300k.

I am curious of the cost estimates to build something like a 1500 sqft house like many of the adjoining houses.

I understand that properties with 5+ units generally require a commercial loan. I have aboug 30-35% down payment ready, but I wasn't sure if this was advisable as my first rental property. I will definitely try my best to get a great commercial broker/property manager, but should I gow ith the 5+ units for scalability, or 1-4 units jsut to learn? Any help ro insight is much appreciated, thank you!

Hello, My family is in the process of selling our business and will be looking to build a multifamily property on a piece of land in the city we already own outright. The plan is in its infancy so just wanted to get some of the important first steps/overview tips. Anyone have any pointers? Thanks!

I have saved up a bit of money and want to build more low-income housing so I can sell it to people at affordable rates, but some of the prices currently for contractors or certain are quite expensive while not being guaranteed quality work. Are there any government programs or Charities that can help me financially build more housing via tax breaks or other things? I'm worried I won't be able to build enough or the margins will be too thin to continue or I might get wrapped up in long costly legal battles if I hire a contractor and it turns out their bad.

This is my first dip into realestate, my wife and I bought a home at the beginning of 2024 using a VA loan. It’s in the suburbs of Houston and the area seems to be frowning really fast.( Between Sugar land and Pearland) we are currently building a home in another state and keeping the house to rent out more for the experience than the money as of now. We expect to loose between $100-300 a month after everything( mortgage, tax and insurance) To me that seems fine they’ll pay a little over 300 in equity every month so it doesn’t seem to bad. My question is when you some of yall who have a bit more experience in this offload the home? The idea was to sell in a year and reinvest in something closer and better suited as a rental. Or would it be better to continue to take the loss in the hopes the area continues to grow? Also it’s a new construction so almost everything will be under warranty for another 3-4 years.

Hey everyone. Getting my first fourplex here shortly and just wondering if I should keep acquiring fourplexes or just start getting apartment complexes? I look for deals that I can value add. Seems like I would benefit much more in the 5+ units if I can get the NOI up.

Thanks.

Is there a reputable/trustworthy company seeking investors that exclusively builds innovative efficient housing? I think there's a lack of pet-friendly apodments. I don't know why a complex couldn't allow residents to home their cats on a common top floor with patio roof. That'd introduce the added cost of needing to pay a live-in manager responsible for feeding the cats, scooping litter, and keeping the premises clean but I think the added cost would be justified by improved resident retention. Because once someone moved into a place as described other than moving into a SFH they'd have a hard time finding a similarly pet friendly unit. Also residents might befriend other residents in the commons and not want to leave their friends. Having useful commons that fosters socialization goes to retention and I think that's badly lacking in our built environment. But mostly I think it's cruel to keep cats confined in small spaces and allowing them free run of the outdoors isn't much better due to the damage it causes local wildlife. A big cat floor with a patio roof might afford cats ample space in addition to allowing them safe access to the outdoors.

It just seems to me that its only a matter of time before demand for houses go down by quite a lot. I'd be curious to hear people's opinion on this.

Lucky investor seeking advice. North county San Diego, bought a rental condo back in 2013 for 345k. While it cash flows positive (about 2k a month), it's seen tremendous appreciation and currently would sell between 750-800k and we owe about 100k @/3.125%. Now that we are about 4-5 years from retirement, we are starting to discuss where we'd like to live and have settled on getting a small condo in downtown La Jolla area, somewhere between 900k-1.5 million is what we are seeing currently for what would make us happy but wouldn't break us financially. Our current suburban home would sell for about 1.3 and we owe a little over 400k on it @/2.75%.

Now a lot can happen in the market over the next few years obviously but I'm toying with the following options:

1. 1031 exchange the rental for our La Jolla property and rent it for a couple years to be legal then moving in and renting our current primary home.

2. Waiting until retirement and selling primary and buying La Jolla condo then, just keeping the rental as is and let the kids inherit it on a stepped up basis while getting modest passive income to supplement retirement.

Waiting until retirement like option 2 then selling the rental a year+ into retirement and just paying the tax bill while taking no withdrawals from retirement accounts (thus no other taxable income) and paying off the La Jolla condo. I'm strongly considering this option because of the way it further simplifies our life, and the tax hit doesn't seem THAT awful.

We have maxed our 401ks for decades, have kids college fully funded elsewhere, will have 2-3 years living expenses in HYSA on top of that and no other debt so no dirty details to worry about. I'd love to hear your advice on pros and cons or things I'm not thinking about! Thanks!

Like the title says. I am looking to buy a 10+ unit apartment building in the next 10 years with about 20% down. I then want to move to SE Asia to lower my living costs. Has anyone here done this before? I won't be working in SE Asia, though. At least, when I first get there. I could always teach English. Currently, I can live in SE Asia for about $1500/month.

I know interest rates will be different by then, but I was just wondering if it this was possible. Also, any other advice is greatly appreciated. I will be new property investing, and I don't currently own a home. I want this to be my first property, my main source income, and I will have a unit in the building for what it is worth, as I have read that can give me some more favorable loan terms. Think of it like a homebase.

Own a single family house which has appreciated greatly (6 years owned)

Own a duplex which is decent cash flow property(4 years owned)

Still learning as I go, but I keep thinking about the next investment or move. Not sure what direction to take. What goal or opportunity to reach for.

Single male, little commitments, great credit, about 50k right now ready to invest.

Rent my current home and move? Buy a another rental? Prices and rates are not attractive. Keep saving and invest elsewhere?

What paths have you taken to build your rental portfolio?

What’s your strategy of buying more rental properties after you stop qualifying for Helocs? Using up your helocs will increase your DTI ratio and banks/credit union will start to deny you..

I was told to go with hard money lenders but whats your exit strategy from these loans?

I currently have a property that I rent out on airbnb, May-December, but then I am scrambling to find a tenant for 3-4 months on zillow/fb because it's slow, January-April. It's been listed on Zillow for 24 days. I have gotten several inquiries for long term rental of a year to 18 months, but that is not what I am trying to do at the moment. I have noticed a lot more wear and tear with long term in the past but managing a vacation rental is also a lot more hands on work. Anyway, at what point do you offer a discount on the first month's rent? The other issue now is showing the rental in between guests and all the holidays coming up as well. I do require an application as well before showing as my husband and I manage the property ourselves and live an hour away. The last 2 years, I was able to get tenants during that time frame before all the holidays, so this has me a little concerned as well. They were great and made the process easy! It's a large spacious house, great for large families and a popular tourist area.

Hey y'all I'm building an ADU in my backyard, (tx). Is there better tax benefits or depreciation for making it a short term rental or long term?

Just comparing states and wondering how everyone feels about investing in MULLINS , SC as I have the opportunity to get a nice looking brick home and want to know any draw backs as I will be out of state investing

How feasible would it be to buy a .5 acre lot and then getting the necessary utilities for a RV to live/rent. Are there major pitfalls or headaches to look out for? I am not currently into real estate and just thinking of cheaper ideas to get into it.

Which one is better? My lawyer mentioned ToD but what about right of survivorship?

Here’s the situation. My grandmother passed on and left her house in Ohio to my father and his sister, my aunt. My aunt passed shortly thereafter without a will. She had one child and was divorced. My father then passed away about 10 years later and all of his assets go to my mom according to his will but the deed at this point has my deceased aunt and deceased father on it. We probate my father’s estate and get the deed updated to add my mother and remove my deceased father. We don’t want to go through probate yet again so we’d like to add my name to the deed. Which is the better method to do this - ToD or Right of Survivorship?

Also we’ve been renting the house for about 15 years and my cousin is too lazy to bother to probate his mother’s estate so her name is still on the deed.

Also we just need to submit a notarized form to the county clerk for a ToD. Is that something I can do or is a lawyer required?

I'm looking to get some insights on how you all approach selecting a bookkeeper for your real estate investments. I've personally found working directly with a bookkeeper to be more streamlined than going straight to an accountant, but I want to hear your perspectives.

Some specific questions I'm curious about:

• Do you prefer working with a dedicated bookkeeper or going directly through an accountant?
• What qualifications or certifications do you look for when hiring a bookkeeper?
• How important is industry-specific experience in real estate?
• What red flags should someone watch out for when selecting a bookkeeper?
• Do you recommend using local professionals or are remote/online services just as effective?

My experience has been that bookkeepers often provide more hands-on, day-to-day financial tracking, while accountants tend to be more focused on broader strategic and tax planning. But I know every investor's needs are different.

Would love to hear your thoughts and experiences! Drop your insights in the comments.

I own a SFH on a large lot zone for multi.
I want to build 3 more units @ 1000 sq ft each I currently have a mortgage of 245K. Looking to bring in a partner to help build the extra units.
Approx $110 per sq/ft to build. So call it 350k to build.

How would you structure the deal to: A. Retain decision making authority to hold or sell the property, and B. Account for the fact that i'm bringing the deal to the table, including the original property.

Any input appreciated, thx.

My first floor tenant has shared access to an unfinished basement. They have a dryer and washer in the basement and a crap ton of junk and crap. (I legit once step on their dog poop when I was down there. I was mad and I let them know about it. ) Only them and I are allowed to use and access the basement. This evening I was unable to access the basement from the first door hallway because they had two huge sofas blocking the hallway to the basement door. I texted them and they said the back door (wooden single hurricane door was unlocked and open). To my surprise, I learned from my father afterward, they never lock the back basement door nor the basement door going to the first floor hallway ever. I have 2 water heater and 2 furnaces in the basement and I have a second floor tenant.

Will I be liable for their poor security?

I'm a 21-year-old male who just inherited just under $40,000 (USD), and I'm wondering if it's possible to start investing in real estate with this amount —or if I should consider other options.

I'd love to hear advice, ideas, or thoughts from anyone A bit about me:

I'm based in the Portland, OR metro area and I'm a high school graduate and currently taking a class to become a certified property manager. At the moment, I don't have an income (which is part of why l'm unsure if real estate investing is feasible right now). I've always been passionate about real estate since I was a kid and It's always been something I wanted to pursue.

My mom went back to college recently and is currently finishing her bachelor's degree in business management (she'll graduate in the spring). She's very supportive of my goals and is willing to work with me like a team for anything i do. i’m very lucky with that.

What l'm considering: I know $40K won't go far in the Portland real estate market, so I'm open to exploring opportunities in other parts of the country.

I'm also curious if there are creative strategies (e.g., partnerships, house hacking, REITs, or syndications) that might make real estate investing viable for someone in my position.

not opposed to moving but ideally would want to stay in (oregon, cal, washington) but i’m possibly open to remotely managed investments.

my family isn’t rich and i grew up pretty lower middle class, just staying afloat. saying this as my family has no other large amounts of money to help me with and i am extremely motivated. i.e if i have to not make any money for a while while things build or equity creates itself i am fine with that as i have no current bills. i am very lucky in this regard. i have nothing but time.

I'm very motivated, business minded, and willing to learn, and am open to different avenues. Any advice or perspective you could share would be hugely appreciated.

(if the flair is wrong i apologize)

How to get the most out of my property and what I can do to increase the value?

We bought a 2 bed 1 bath 1000sq ft house on half an acre. It has a detached 20x40 cinder block shop on a slab with electric. We owe around 90K on it.

We also purchased the neighboring 1 acre lot that had turned into somewhat of an issue. So it has a run down 2 bed 1 bath. The back half is ate up by termites. And will need pulled off. So it’s either, bull doze, build 1 wall and make it a 800 sq ft 1 bed 1 bath. Or rebuild entirely. We owe about 9K I think on it.

So I’m stuck between bulldozing and adding a single wide or two on the 1 acre property.

I’m working with whatever equity is in the property. So I’d like to know what one could do to increase that equity for the properties over all benefit.

And once that’s done. Should I sell or rent out? I absolutely do not want to live at this location for more than another 5 years.

Please advise.

I’m not sure what all is needed to take into consideration, so if I missed anything. Just ask.

Not sure if this is the right place but I own approximately 9 acres of undeveloped land in the country in an area that's experiencing massive growth. I owe nothing on the property. It has road access and has sewer I'm starting law school next fall and was wondering about taking out an equity line of credit with the land. Is this possible? Does it work the same way as a HELOC? Whats the difference between a LELOC and a HELOC and what are the potential drawbacks?

I purchased a new home August 1.

Since this purchase my previous home has been sitting vacant.

In the last year I replaced the AC, roof, and remodeled the bottom floor. (I wasn’t planning on moving—but when this house hit the market…)

Anyways. I’ve owned the Property for 4 years and have about $130k in equity.

Originally the plan was to sell.

But damnit, I put a lot of time and cash into that house and renting it for a while seems like the smarter choice to recoup some of that and maybe sell later?

On the other hand, I just dumped a lot of cash purchasing this new home and renovating that one—so the idea of the lump sum is rather appealing. You know refill the coffers.

What is the best way to go about all of this?

Should/Could I Access part of the equity and still use it as a rental?

Should I just rent it out as is?

Hoping to get some feedback from people smarter than myself.

Also, looking at comps it seems I could rent the house out for $1,300 more than my monthly payment.

Thanks!

I loaned a real estate investor about $65,000 a few years ago on a short term loan. They are a year behind on payments. It was due in full with interest, but they made two small payments a few months ago. I am in 2nd position behind another lender. They do small real estate flips, buy and hold duplex and triplexes etc.

I am looking for advice on what to do. I've not been in this position before. What is the process to call the loan in Texas? I've received postcards to sell the loan from a few companies. Has anyone done that before? If so, what was the process and how much of a hit did you take on the loan amount? Thanks in advance.