Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Max Versteppen

Max Versteppen has started 0 posts and replied 109 times.

An investor friendly agent is a licensed real estate professional who has experience with investment properties, has worked with investors, and has knowledge of the local market. Said agent will be an investor, as well. They will help find deals, analyze them, make offers, and sell properties as necessary.

Post: How would you invest $200k?

Max VersteppenPosted
  • Posts 113
  • Votes 33

The answer is the same for any amount assuming what you and I have the same definition of “investment”. An investment is money set aside for the long-term that you will not invade from which you seek growth, not income.

Don’t Pick Stocks

The most important criteria for any portfolio is avoiding catastrophic loss. Investing in the broad market, for the long term, is the way. The average public company is listed for only 7 years. That is, from first listing until it is delisted for bankruptcy, merger, etc. is, on average, only 7 years. Absolutely forget stock picking. About 90% of the gain of the S&P 500 since 1950 is from less than 10% of the companies listed. For every IBM and Hewlett Packard there are a host of companies that have failed.

If you want to do the monthly mortgage payment calculation by hand, you'll need the monthly interest rate — just divide the annual interest rate by 12 (the number of months in a year). For example, if the annual interest rate is 4%, the monthly interest rate would be 0.33% (0.04/12 = 0.0033).

Banks and other lenders are in business to make money. Financial institutions pay a low interest rate on depositor accounts such as savings and money market accounts, then use that money to lend money to borrowers at a higher interest rate in the form of loans and credit cards.

Post: How does the cashflow work???

Max VersteppenPosted
  • Posts 113
  • Votes 33

Cash flow is calculated by making certain adjustments to net income by adding or subtracting differences in revenue, expenses, and credit transactions (appearing on the balance sheet and income statement) resulting from transactions that occur from one period to the next.

Many real estate investors have found great success using the BRRRR strategy. It can be an incredible way to build wealth in real estate, without having to put down a lot of upfront cash. BRRRR investing can work well for investors just starting out.

Property management companies in Texas may be required to obtain a Real Estate Broker License. ... The entity must select a designated broker who is an officer, manager, or partner of the corporation, LLC, or partnership. The designated broker must be individually licensed as an active Texas real estate broker.

Post: How to get capital for a first project?

Max VersteppenPosted
  • Posts 113
  • Votes 33

Here are six ways you can raise the money you need to expand your business.

Bootstrap your business. 

Launch a crowdfunding campaign. 

Apply for a loan. 

Raise capital by asking friends and family. 

Find an angel investor. 

Get investment from venture capitalists. 

Get the capital you need to drive forward.

Interest rates are the rate at which banks and other lenders will lend people money. It is their profit margin—their product is debt, and the interest rate (expressed as a percentage) is what their customers pay them for that product.

As a real estate investor, it's best to find an investment property with a high monthly rental income. ... One way to find a good real estate deal based on the rental income is to follow the 1% rule in real estate. The 1% percent rule measures the ability of the rental property to generate rental property cash flow.