All Forum Posts by: Diana Duncan

I've had many different scenarios played out, worst being getting a writ of possession from the Sheriff and them showing up in bullet proof jackets, drilling out the lock on the door only to get inside to have dog feces/urine 1" thick throughout the entire home!  Best being it left so clean you could eat your dinner off floor.   

I bough a bank owned ( non- auction)  property and instead of eviction I offer them some money, they were out rather quick. 

Hello, fellow BiggerPocketeers!

Recently we asked you what sort of features you'd like to see on BiggerPockets, and a recurring suggestion was a way to save articles, videos, podcast episodes and forum threads so you can find them again later.

So how are you CURRENTLY saving these links? 

I either print the article out, or book mark it. I would love a way to save an article within my profile, so I could go back and reference it when I had more time.

Like the value add strategy but not sure what time commitment it needs? Even if I can manage to get something impossible in the current scenario.

I am very busy, the question is, is it worth to go solo or is it best to invest with a bigger multifamily group or those online crowdsourcing deals, which claim a minimum return of 8% plus some IRRs at 17% give or take. the risk is still passed on to the investor. You have no true asset.

How does this compare to you actually buying something on your own and give it to Mgmt company? When you do on your own, when you sell, I think you do better? Or no.

Can anyone analyze the risk vs benefits with doing solo vs investing in a multifamily group, what's the standard return and IRR.

Plus you are directly investing cash into these, vs with a loan you just need 20% of the value; although cash on cash should still be the same, I guess.

I am looking for advice, cause looks like I am quite discouraged by the market and it’s hard for a first timer to break into this. I like the balance of cash flow and appreciation. Thoughts on what the BP experts would do in this situation?

Thanks so much!

My branch manager last week said something interesting. He has gone to over 4,000 inspections in his career. And not a single time did an inspector find anything of signifigance that everyone else involved couldnt clearly see with their own eyes.

You can either clearly see the problem....or you cant, and if you cant see it, its not like the inspector has xray vision.

The bank here said the same thing - that he needs a US address, which he doesn’t have. We ere wondering if I could add him on my account - like a joint account. I think they are a little bit more flexible adding people on existing account vs. opening a new one.