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24 October 2024 | 13 replies
One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it.
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28 October 2024 | 13 replies
+95% of agents only have experience dealing with owner-occupied transactions - which are mostly EMOTIONAL decision based.An investor wants an agent that sticks to logical numbers like ROI, Cash-on-Cash, etc.You can differentiate between these different types of agents easily by asking them:1) If they are RE investors themselves.
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26 October 2024 | 5 replies
This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.
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22 October 2024 | 5 replies
I’m actually just across the border in Dover, NH.
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23 October 2024 | 15 replies
I've been looking in both Rochester, NY and Buffalo, NY, but also looking at neighborhoods on the borders of these cities.
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25 October 2024 | 0 replies
This isn’t about pitching; it’s about understanding their world.Above all: LEAD WITH VALUE.When I talk to wholesalers about my transactional lending, I always look for more ways to help.
25 October 2024 | 2 replies
This partnership not only facilitates quicker transactions but also contributes to long-term growth and profitability.
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28 October 2024 | 12 replies
I just want to make sure I have all T's crossed and I's dotted.
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24 October 2024 | 13 replies
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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24 October 2024 | 27 replies
There’s nothing to earn or do to get that (Ephesians 2:8) Whenever I hear a preacher say you need to do this or that I’m reminded of The thief on the cross .