Nathan Currier-Groh
Advice on structuring a deal with an investor for the first time.
21 February 2020 | 2 replies
I'm trying to step up in scale so I'd like to buy more property than I can on my own.
Jon S.
If i buy a new house should I sell my residence or rent it out?
17 February 2020 | 9 replies
@Jon S.I think scaling is the way to go.
Mark Negley
The Book on Rental Property Investing by Brandon Turner summary
17 February 2020 | 2 replies
DIY Choose your market Use an excellent property manager Choose the right property - depends if it is the right location Talk to local investors to get a feel for the market2.) long distancepartner "boots on the ground" Can bring many challenges with it Go on bigger pockets forums a lot to minimize riskTurnkey Buying an investment that is remodeled with tenant in place and property management company in placeBenefits: service ata distance, market insight, professional staff, marketing machine, managementexperience, simplicity.Downside: financial,analytical, ethicalCh. 7 Types of Rental PropertiesSingle-family homesPros: plentiful, strong exit strategy, involves fewer bills, easy to finance, easier to manage, more stable tenants, better appreciation, less expensive to buy, Cons: high cost per unit, slower to scale, limited loans, expensive rehabs, more competition Multifamily Real estatePros: more cash flow possibilities, one loan and multiple units, one insurance policy, math over emotion, business not a hobby, income valuations - based on ROI they give the owners, less competition from homeowners that jack up the priceCons: More expensive, more management intensive, more savvy competition, more complicated, fewer to choose from, government regulationsCondosShort for condominiums Each unit is individually owned by a person HOA feestownhomesLess apartment feel Usually share a wall with the other unit Still have HOAsREOs/Foreclosures - "real estate owned" Usually something distressed about the property - investors need to see past the superficial flaws Banks are numbers-driven, not emotionalFixer-Uppers - a property that needs significant or minor rehab donePros: less competition, forced appreciation, potentially more cash flow, unique financing optionsCons: hidden expenses, stressful, more out of pocket costsQuestions you should ask yourself: How bad is it?
Monica Diaz
Selling an investment property, using 1031, any advise?
18 February 2020 | 8 replies
Large and national may give you scale of price but be harder to talk strategically with. and you may find that your experience is still determined by the quality and experience of sales person you are assigned to.There's a lot of moving parts but as you can imagine, if the IRS is going to give you an incredible gift like the 1031 to leverage your portfolio it's going to come with some hoops and strings :)
Account Closed
Chicago Burbs? Good area to start investing?
18 February 2020 | 3 replies
On the scale, I always lean in towards the cash flow side as I feel it's more conservative.
Jordan Sitzler
Looking for 1031 exchange company
18 February 2020 | 9 replies
Too small and you don't get experience or scale of cost.
Christina Vandivier
Management Fees in the Industry
2 March 2020 | 13 replies
Some can make it work and eek out a profit with volume and scale.
John Petersen
Intro - MF Lender looking to 1-4 unit BRRRR in Philly
19 February 2020 | 10 replies
To offer any kind of input on the cash vs financing, it really depends on how you plan on BRRR'ing, the pace in which you want to scale, and what you are valuing (cash flow vs upper level tenants, appreciation vs cap rate, etc).
Angela Kelsay
ISO 1031 intermediary Near Columbus, IN
18 February 2020 | 2 replies
Too small and you don't get experience or scale of cost.
Stephanie Hardy
Brand New To Investing & Need Advice
18 February 2020 | 1 reply
The issue with time comes with scale.