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25 December 2024 | 4 replies
We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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28 December 2024 | 23 replies
I started networking with other investors recently.
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26 December 2024 | 1 reply
Sure, it can be quite a process, but with experience and a growing network, it does become more manageable.Let's go!
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3 January 2025 | 26 replies
For example it was widely reported that US commissions were previously fixed at 6% and the lawsuit ended that (the article you referenced makes this false claim also, and frankly is terrible reporting IMO).
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7 January 2025 | 8 replies
I should have a person I know at each of the colleges I'm looking at going to that can give me an insight on their networks.
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23 December 2024 | 13 replies
It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.
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4 February 2025 | 87 replies
This has probably been the one thing that has helped me scale my portfolio so much and so quickly within the past 6 years.So the things that I would bring to the table that a new investor wouldn’t have access to (at least at the beginning until they build their own systems and networks) would be my knowledge and streamlining of getting financing, having deal flow, using vetted and skilled subcontractors, discounted prices on materials, systems in place to find tenant buyers, and streamlined refinancing and management in placeIt is similar to turnkey, only you don’t have to put 25% down and you walk into equity and the exit is already planed and the tenant buyer gets connected with a lender upfront to help them get ready to exercise in the option within 3 years.So that is what makes this different than other models.
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21 December 2024 | 10 replies
The list is a nationwide list the Miami-Fort-Lauderdale area made number 2 on the list Orlando was ranked 6 on the nation wide list, so judging by the post I think it would be safe to assume Florida is one of the best states for fix-n-flips.Â