All Forum Posts by: Sourabh Bora

@Brian Davis came up with yet  another data heavy amazing blog post in October 2017. 

https://www.biggerpockets.com/renewsblog/cities-re...

1) I went to the original wallethub article and decided to put all the data on a google map.

https://goo.gl/28ZqKQ

2) I also put them on a spreadsheet

 https://docs.google.com/spreadsheets/d/1uTFd3a-1h3...

I combined the following info on the NAME on the map

overall ranking—city_name—state—population—Sociodemographics’ Rank—jobs/economy rank.

For example, the entry for Frisco, TX will look like this on the map

1--FRISCO--TX--116989--1--27  :::  1 = overall rank,   116989 = population  1 = sociodemographic rank, 27 = jobs rank

I hope it helps!

Here are a few resources that might help:

1) "The Data is In: These Are the Best Cities for Rental Investing"

https://www.biggerpockets.com/renewsblog/cities-re...

2) I put them all in a map

https://goo.gl/28ZqKQ

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Hey Jose,

I think the visa you are looking at is EB5 ( 500k investment + 10 jobs created for 2 years) , not EB2 (masters or Phd degree with 100k salary , winning the H1b lottery and working under it for 2 years etc) 

Keep in mind that if you invest 50k, that's 50k less from the 500k . Lot of real estate projects are being funded through (mostly chinese ) EB5 investors these days.  Just search for EB5 real estate.

Good luck!

Hi, I compiled a list of all BP podcasts so far with a quick summary. I will update the sheet with more information like favorite books and biggest mistakes made etc. Let me know if you like it or if you want me to add something .
https://docs.google.com/spreadsheets/d/1hrA-2y9JvU1yQ8nRYSpMoPb1x889fjwsGVpACFLQlUs/edit?usp=sharing

Thanks Sourabh 

Hi,

I found a google spreadsheet based BRRR calculator and I decided And I decided to modify it to make the functionality similar to the biggerpockets BRRRR calculator. Currently, it lacks any graphs / charts, but I am planning to add them.

If you find it useful and have some suggestions for improvement, please let me know.

Two things to note:

1) to use it, click File (Alt + F) of the google spreadsheet (NOT of your browser) and "make a copy"  and then work off your own copy.

2) There are two worksheets "Financial analysis" and financial summary.

Enter your data in the Financial summary sheet in the fields colored blue

https://docs.google.com/spreadsheets/d/1xgldX8iIHUWVNM7NnketsD8y_Fn1ax4ggusuQ333jwo/edit?usp=sharing

Thanks

Sourabh Bora

Thanks Guys for the response. I think my friend is leaning towards repaying his dad for the college expenses, and his dad buying the property .

Hi BP Family

My friend's marriage has entered shaky grounds, and it might end up in a divorce in future. But he has come across this amazing rental property that he does not want to pass. He wants to transfer the money to me and wants me to buy the property all cash. After the divorce is over he wants to take possession of the house from me again. 

Some of the options we are considering:(in accordance with the BRRR method)

1) He transfers the money (about $60k) to me, I buy it all cash and after divoce, we do a refi and SOMEHOW (??) make him a partner   

2) I form an LLC, as me being the sole Member, use his money to buy the house in the LLC's name. And again, SOMEHOW (??) after divorce, and during refi, make him a partner.

 He is a very close friend of mine. With a well written contract and solid professional advice, I have no problem jumping in. 

 We will definitely take professional advice before jumping in. But I would love to know your views on it.

 My  concerns is, 

 1) Will it make the property divorce proof?

 2) What are the tax implications during these property transfer transactions ?

 The divorce is likely to be amicable and it is unlikely that the wife will come after him afterwards. But there's no harm in being extra careful.

 Thanks

 Sourabh

Way before the robots take over, two things will happen

1. Automated cars:

You will become location independent . You can live two hours away from your work, in the midst of nature, and still hop on the driverless uber for $5 , open your laptop, work, attend conference calls, while the robot drives you at 100 miles an hour. Neighborhoods will lose the proximilty to work advantage.

Result :: Prices will come down.

2. Home manufacturing automation

Be it 3D Home  printers ( http://www.telegraph.co.uk/technology/2017/03/03/i..., or other types of automation, home building and maintenance will become way way cheaper

Result : Prices will come down

Just my opinion, I have not really heard anyone talk about it..

wordpress is an amazing tool. , especially for complex website with a lot of user interaction .  For just a lead generating static website  you can just download a Free html5 theme (google "Free html5 responsive template" ) and input your own content., Feel free to PM me, I would love to help

Cost of buying a domain = $10 per year (unless you get a deal )

Cost of Hosting a HTML5 ONLY website (no php, so no wordpress) = Free/ Almost free

Website design =

1) Google "Free HTML5 responsive" website , then download a template and them , insert your content, https://html5up.net/ has some beautiful templates.

There are many HTML editors you can use. Even google chrome can be used as a editor.

2) Use wix to create your site, and then, cheat the system my downloading the end product and uploading to your own free hosting. Thus, saving the $30 a month hefty fee..

I created this tutorial that you might find useful for this.

Feel free to message me with questions.  I would love to help

https://www.youtube.com/watch?v=TA6-b7oWvhA&t=149s