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1 December 2024 | 91 replies
Quote from @Scott E.: Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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14 November 2024 | 25 replies
Therefore, it can't add automatic late fees, send email reminders or track per property.
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16 November 2024 | 2 replies
I was just informed that all the mail goes to the front house.
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17 November 2024 | 8 replies
Hi Taylor,I'm not on BP very often anymore, so please feel free to email or call me.
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1 December 2024 | 377 replies
@Melissa Harris msg me and send email, I will send letter.
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20 November 2024 | 18 replies
I'm always looking for some automation tools (I would be happy with basics like email management), but I definitely needed some resources to better understand it all.
19 November 2024 | 10 replies
I have paper applications at the open house so anyone interested can fill it out right there or I offer to email them the electronic version.
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21 November 2024 | 305 replies
But we try to do that as best we can via a house manager and emails/texts through our PM software.
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23 November 2024 | 38 replies
They will just send you what's on the market to your email and you can do that yourself with Zillow etc.You'll just need to keep educating yourself then plan to travel in 6 months.