Good morning! About a month ago we made the decision to stop working with a property manager and start managing our own properties! Let’s talk about that. So, as we do, let’s talk Real Estate, let’s talk MANAGING YOUR OWN PROPERTIES… FIRST OFF, WHAT ARE THE ROLES & RESPONSIBILITIES OF A PROPERTY MANAGER? Essentially… Set Rent Collect Rent Screen […]
Good morning! Over the past month we have acquired a triplex and are working to close on a second single family home in the coming weeks. Now that we are finally expanding, my former risk analytic minded-self felt it was pertinent to start putting together some monthly reporting for myself, and my business partners. So, as we do, let’s […]
Good morning! We are gearing up to start a second flip (fingers crossed), and I am working to ensure we have enough cash in the bank. There are so many ways flips, funding, the whole thing can go wrong. Let’s talk about what I am doing to prepare, and hopefully after reading this, you can share some tips with […]
Good morning! Filling you all in on something I learned about last week… FRAMING. So, as we do, let’s talk Real Estate, let’s talk FRAMING your property… ALRIGHT SO , WHY ARE WE TALKING ABOUT FRAMING THIS WEEK? Well, for those of you have been with us a while, you may remember me telling you about how I had drawn […]
Good morning! I want to keep today short & sweet as the past few weeks of LTRE have been borderline way too long, and truthfully this week has just been way too crazy. BUT we recently closed on a multi-family up in Binghamton – WOO! Except that this close was 5+ months in the making and we hit some […]
Good morning! Today, we aren’t talking about a specific project, INSTEAD we are talking about something I have been meaning to look into for months now- RENT-TO-OWN programs. I basically knew NOTHING about them. So, I did some SERIOUS research. Let’s talk about that. So, as we do, let’s talk Real Estate, let’s talk RENT-TO-OWN PROGRAMS… FIRST OF ALL, WHAT […]
Good morning! Last week I referenced some “hard times” we came across when a deal we had been working on, for a month, fell through at the closing table. This deal was going to be A HUGE BREAK for us, with the highest potential return we had ever personally seen! To say we were excited was an understatement. This deal […]
Good morning! Recently, I have spent a good amount of time reviewing HUD-1 statements. At first, reading and understanding a HUD can be super overwhelming. I think my partners can attest that I am very type A when it comes to reading through these and have spent a ton of time on google and on the phone, trying to learn […]
Good morning! We have been working on Project Philadelphia for about a month now. As you may be aware, this was a full gut renovation. Meaning we took down every wall, the ceilings, the current electrical and plumbing, etc. You name it, we tore it out. We are essentially only using the shell of the home. As we went through […]
Good morning! Today I am writing you from our annual family trip to the Outer Banks. This week I am SO excited to chat with you guys because I have a VERY special guest on today’s LTRE– my dad. For those of you who may not know, my dad is an attorney with 20+ years of experience in real estate […]