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8 December 2024 | 8 replies
They do a good job being responsive and getting things done, but the final result was just not there for us.
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29 November 2024 | 2 replies
I've been freeloading BiggerPockets from afar for years. Now I am officially in their database. I hope they are an even better experience beyond the credential wall.
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4 December 2024 | 3 replies
@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure
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9 December 2024 | 16 replies
Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.
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5 December 2024 | 15 replies
@Victoria Hogan you're panicking because you don't have enough data to understand what's going on!
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4 December 2024 | 33 replies
If you don't have that, keep earning, saving, and managing the risk you take by investing in REITs (which is small but risk still exists).If you already have at least $100k to invest, and you're wondering where to start as an OOS investor, I recommend this dataset that we at BiggerPockets put together specifically for people like you and me.https://www.biggerpockets.com/resources/housing-market-data/...It contains information like job growth, population growth, and rent-price ratio for all markets to compare and contrast.
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5 December 2024 | 7 replies
If anything, we're now seeing data that suggests there isnt much reason for rates to drop significantly any time soon.
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3 December 2024 | 5 replies
I think there are two maybe 3 ways to look at this in my mind. 1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area?
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4 December 2024 | 2 replies
I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified intermediary says they will not confirm the IRS notice applies or whether the 45 day date they gave me is overridden by the notice.
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4 December 2024 | 7 replies
The goal is to change careers to something that allows me to decide my hours (in the process of now), become a landlord, and finally spend more time with my kids and family.