14 March 2022 | 2 replies
. :-) I think she was starting her profile and she was adding her investments.
16 March 2022 | 20 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
9 June 2022 | 17 replies
My contact information is listed on my profile.
27 March 2022 | 4 replies
First thing is to verify regulations, if that checks out and you apply for the permit or business license (assuming they have a system for that), you can just go ahead and start to setup your airbnb profile and list your home.
24 March 2022 | 4 replies
What you are essentially trying to come up with is the cost of capital, and that's going to be based on lot of factors.The risk profile of your offering, your experience level executing on your proposed business plan, the amount of capital available seeking these types of deals in your immediate network, how well your potential investor knows you and trust you, how much of return is the overall deal going to put off, what other options for investing do potential investors have, what kind of returns are you competing against?
25 March 2022 | 10 replies
First of all, you need to determine your tenant profile.
20 March 2022 | 5 replies
The best part of multi-unit properties is you can often purchase 4-plexes for the same price as a single-family home and when you increase the rents you are increasing 4 rents every year at the same time vs. increasing only 1 rent.As stated in a few recent posts, if you want to go to my profile, I just purchased a 6-unit property in the most expensive city in the country for $975k.
30 March 2022 | 19 replies
Its a process making a great credit profile and you are asking the right questions.
28 March 2022 | 4 replies
My profile here has a bunch of ways to reach me.Done right, sub2 is one of the most powerful techniques at our disposal as investors, but it MUST be done properly.
3 April 2022 | 18 replies
And your risk/return profile is going to be much more favorable.And, sure, let me know if I can help with anything.