All Forum Posts by: Account Closed

@Mike M. Hello Mike and thank you, at first my plan was to stay in Prescott so I would be able to live in the the property and avoid long commutes to my work but later I found out I was limiting myself, and realized I don’t really have to love in the property to start my business. I’ve been looking at some properties in the valley, some of them grabbed my attention, unfortunately been having a bit of a hard time getting approved for conventional loans, and am currently looking for funding. To answer your question yes I’m definitely interested doing some business in the valley.

Hey everyone at bigger pockets, I'm very new to real estate and looking forward to meet all of you, I live in Prescott Valley, Arizona. about 90 miles north of Phoenix. I'm very interested on the BRRRR system and hopefully get my first property soon. I've gone thru some of the discussion on the forums and it looks like I'm in the right place. Thank you everyone in advance.

Hello everyone, I recently bought a property with inherited tenant and, she wants to drive me crazy.  I have done many repairs since I bought the property but she keeps complaining for every little thing.  Last week she broke 2 windows and called the code inspection.  She claimed that someone threw a rock and broke the windows, in the meantime, my handyman was in the neighborhood and witnessed her breaking the windows and threw out clothes, it seemed like she was fighting  with her husband.  I am going to change the windows but what can I do to prevent that in the future, I did put on the lease if she breaks something, she will be charged but if she denies to be the one doing the damage, legally will I be able to charge her for repairs. I want to evict her but my lawyer said that as long she continues to pay her rent, it will be hard to evict her.

I've known for quite some time that I want to invest in real estate. I've been thinking lately that I'm about ready to begin. My interest first took the form of some kind of beach/vacation home on the coast down south. A place the family can use a week or two each year, and rent out the remainder of the year. Next, I found myself wondering whether it might be better to start with something residential and close to home. Being nearby and having long-term renters sounds on the surface to be less risky and more manageable. After that I thought maybe a duplex or other multifamily home - something where if you get one bad renter, the others help mitigate the loss. The more I think about it, though, the more I find myself interested in commercial investment, not residential. I always thought that maybe that was something for later down the road - my thought process has always been that commercial probably requires more capital up front. But is that true? Do you really need capital? Couldn't I locate a cheap & vacant lot, form an LLC, and take out a massive business startup loan to purchase and develop the land and fund the up front cost of a property manager that will help make sure the building remains full of tenants?

I’m sure my green is showing in more than one place here. Of course, I would imagine an undertaking like this would require incredibly in-depth demographic and feasibility studies among other things - worst nightmare is to be in debt with your only asset being a beautiful new but vacant building in a location no one wants to be. But I wouldn’t even know where to go to learn more about this stuff. Or whether I’m on the right track or somewhere in outer space. I hope you will all find it in your hearts to help guide me in the right direction. Or maybe throw a line to a space cadet floating away and pull me back down to Earth.

Thanks in advance!!

I an American living abroad looking to invest into real estate. My original plan is to invest 50% in a mix of syndicates - value add B/C class midwest, some commercial and 50% on SFR. When I looked at the track records of certain syndicates that offer a mix of assets and thus diversify your risk, I find CoC that range between 7-9%, and overall 5 year IRR of 15-18% after appreciation. Liquidity is an issue, but that's real estate. There is also no time commitment on my side with all on those. On the other side, I see SFRs which I would love to invest in - but the math just isn't working out for me from a risk/benefit perspective when comparing with sydndicates. To stabilize an SFR to generate those kinds of returns, there is a ton of work, learning curve, luck in everything from choosing a neighborhood, house, team - you all know better than me. The long distance part is doable, but its just another variable. While my heart is still pulling to do at least one SFR just to learn the business (only way is to get your hands dirty at some point), my mind keeps stopping me because of the numbers. But people are building wealth with SFRs, not investing in syndicates - what am I missing here?

I am in tech - and have a family with young kids.  Time is limited.  Right now, I get up at 5 -do two hours of research, and then try to find some time during the night.  Discipline and motivation are not issues for me, I just want to make I am not wasting my time, working hard with a small chance of achieving returns had I just gave someone else the cash to invest.  

I am at an intersection, would love people's advice here.