Quote from @Paul Stewart: I've noticed a growing trend among new real estate investors in my area.

Seriously—Pick a Property TypeDetached houses might be the easiest to work with, but the real key is committing to a property type.

It also gave me the chance to experiment with short-term rentals before transitioning to a long-term hold, reinforcing my strategy for growing a real estate portfolio.

page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5535505https://www.biggerpockets.com/users/ZacharyCole/referencesHere are my interviews on the BP podcast:Podcast Episode #847 https://www.biggerpockets.com/blog/real-estate-847Podcast Episode #994 https://www.biggerpockets.com/blog/real-estate-994Podcast Episode #626 https://www.biggerpockets.com/blog/real-estate-626I'll be happy to answer any additional questions you have so reach out at any point in time.

When a 21-year-old claims to make $600,000 in his first year of real estate, someone should verify that before sticking a mic in his face and praising his successes.Being on the podcast used to be a big deal.

Quote from @John Clevenger: Hey all, as more of the world is taking on AI especially in the wake of chat GPT, I'm curious what other are doing, or thinking would be cool to do in the real estate field with the integration of AI. 

Its a way to scale up without battering your own personal ability to buy personal real estate.

Where buyers/tenants can view dozens of properties in a day to screen out less desirables then schedule with a real agent to see the home in person!

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

With Risk Rating 2.0, FEMA looks at several factors to assess a property's real flood risk.Key Factors Considered- Property Location: How close the property is to water sources (rivers, lakes, coasts).- Flood Frequency: How often the area floods historically.- Types of Floods: Includes heavy rainfall, storm surges, and river overflow.- Elevation and Distance from Water: Higher and farther properties generally face lower risk.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed.