Richard Roma
Hello BiggerPockets! New PRO here
22 October 2024 | 3 replies
Excited to learn and connect with you all!
Randy Winzeler
Hello BiggerPockets! New PRO here
22 October 2024 | 2 replies
I'm New to real estate investing and we are looking to buy our first investment property in the coming months/year.
Randy Tran
Seeking Guidance on My Real Estate Journey!!
22 October 2024 | 11 replies
I’m also working part-time and plan to continue my job after graduation to save up enough capital to start investing in real estate.
Avatus Stone
New Member Interested in Real Estate Investing
22 October 2024 | 2 replies
We are excited to make connections with other newbies and experienced investors along the way.
Andre Galaviz
What type of agreement do I need for a Subject To deal?
3 October 2024 | 3 replies
I have limited knowledge of Sub To deals, despite Pace Morby's excellent efforts to make Sub To well know (Sorry, Pace, it's me, not you!)
Jesse Kleiber
Are there Benefits to HELOC on Primary vs Rental Properties?
26 September 2024 | 4 replies
In which case, I suppose you can find the money somewhere else and not risk the house you live in.
Antonio Harmon
How to Develop the Best Strategy for Real Estate Investing?
23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
Scott Taylor
Creative finance Fix & Flip - Avila Beach CA
28 September 2024 | 1 reply
It was a creative financing cornacopia and it helped the seller move out of town within 4 days of signing the agreement.
Greg Andrade
Tell me your thoughts: CT Boosts First-Time Homebuyer Program with $40M Expansion
23 October 2024 | 0 replies
With the state needing 90,000 new homes to meet job growth, Martin suggested that the program does little to address the underlying shortage.
Melanie Baldridge
Is this one of the best ways to build long term wealth?
3 October 2024 | 1 reply
This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.