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20 January 2025 | 6 replies
You profit share with them for the first 10 deals (at the higher levels) because they really are right there with you holding your hand, and as I mentioned, doing three way calls, etc. every step of the way.
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17 January 2025 | 2 replies
This is the only thing holding me back from making an offer on this really good deal.
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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30 January 2025 | 13 replies
You're running a business and when you proactively do so, your tenants will know that you're holding up your end of the lease - and if they don't, they don't stay.Hope this helps.
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21 January 2025 | 4 replies
Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.
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7 January 2025 | 16 replies
I spend a lot of time reading these forums plus I've read David Lindahl, Ken McElroy, James Randel, Scott Berges, Roger Dawson, and have been watching videos of anyone else from first time to pros with REI information.
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5 February 2025 | 17 replies
Which is why I think house hacking is best for 90% plus of new buy and hold investors.I wrote an article on this a while back that goes into more depth and you might find that helpful: https://www.biggerpockets.com/blog/get-a-loan
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22 January 2025 | 7 replies
Shorter term deals though, they will hold 2 to 3 years, sometimes less.
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24 February 2025 | 27 replies
This strategy can be particularly effective for investors like yourself looking to manage and expand their holdings efficiently.
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10 January 2025 | 7 replies
I enjoy college football, video games, and lifting weights.