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21 January 2025 | 11 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
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9 January 2025 | 2 replies
That’s a little south of Austin, Texas.Can somebody make any recommendations or point me in the right direction to find someone like this?
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10 January 2025 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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7 January 2025 | 8 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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14 January 2025 | 7 replies
Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.
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21 January 2025 | 7 replies
Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.
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11 January 2025 | 6 replies
I have liquid assets and want to make smart, scalable investments that balance cash flow, appreciation, and low risk.GoalsGenerate consistent cash flow to diversify my income.Maximize appreciation potential for long-term wealth growth.Invest in areas with low crime rates to minimize risk.Reduce my tax burden for 2024 with real estate purchases.My Current ThoughtsI’m torn between two main strategies:Multifamily Properties:Looking at markets like Austin, Raleigh, and Tampa for 10-50 unit multifamily properties.Love the scalability and centralized management, but I'm concerned about high upfront costs and competition.Section 8 Housing:Considering affordable markets like Memphis, Cleveland, or Indianapolis to purchase 5-10 single-family homes.I like the government-backed rent stability, but managing multiple properties across different locations seems intensive.Key QuestionsWhich strategy would you recommend for my goals and liquidity?
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13 January 2025 | 45 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
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18 January 2025 | 15 replies
I would recommend anyone that gets started has at least a list of 10,000 to ensure they can get 1-2 deals that first month.
20 December 2024 | 4 replies
I'm looking to purchase some land in Martinsville, VA from out-of-state, and wanted to know if anyone is able to recommend a reliable property manager that services Martinsville, VA.