30 May 2024 | 25 replies
It explains the team that you should develop to have a strong foundation under you when you’re investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team
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31 May 2024 | 37 replies
For instance I get our deposits on our new builds released at foundation and framing.. its in the contract but the title company still insist on their forms and instructions being signed .. not a huge deal we docu sign both parties..
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29 May 2024 | 3 replies
I even turned off the hot water tank to save money (until my then-girlfriend, now wife, convinced me to turn it back on)—all to use these savings as my launching pad of capital to get into buying income-producing real estate and starting a business.Fast forward to today, the foundational skills and inspiring stories I absorbed from the BP podcast have given me the confidence to take action and believe in myself, significantly advancing my investment career.
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31 May 2024 | 33 replies
My understanding was that Wholesaling Inc was more of a foundation and TTP is more of a "next-step" to ramp it up.
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28 May 2024 | 2 replies
**PITI is $522 a month (2%interest rate)** Actually cosmetically ready for renters and appears fixed up.On the inspection report the plumbing failed and it mentioned shifting soil in the foundation report.
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29 May 2024 | 4 replies
Hey Ian,Given your background and interest, it seems you have a strong foundation to succeed in real estate investing.
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5 June 2024 | 116 replies
. 🏠👍 100% agreed.I've witnessed way to many investors over the years getting caught with their pants down when using too much leverage.The real estate "guru" world is incentivized by selling more properties (Realtors earn commissions on every property sold) and "no money or low money" strategies (Easy way to flog books and seminars), etc...So leverage to the tilt they would say...The best deals are bought quickly and with cash.All good things take time and so does building a strong and sustainable real estate portfolio.Start slow and small and build the foundation of your portfolio with cash.This will minimize losses when vacancies occur and one hopefully won't have to put their hand too deep in their own pocket to cover expenses as they occur (Especially large expenses like mortgage costs).Once a solid foundation has been built and experience gained over a period of time of what the true income vs expenses will be, then look at using leverage.Also, all deals should be analyzed from a "devils advocate" standpoint and don't get too excited about it's initial prospects.If you think it won't happen to, I'm here to tell you that it will.This is coming from someone that has done hundreds of deals and has seen it all.Always protect the bottom line first and foremost.Much success
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25 May 2024 | 7 replies
Inspection report came back with a few things, but the one that concerns me is foundation problems.
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29 May 2024 | 15 replies
Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.