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22 June 2024 | 129 replies
However, I don't have any skin in the game for mountain vacation rentals.
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18 June 2024 | 83 replies
But for a lot of younger family's a small community, starlit sky's, and the sound of nature are more important that constant sirens, Uber, dog spa's, and 100 different coffee shops or microbreweries.
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17 June 2024 | 2 replies
For background this is my first investment and I own the property personally not with an LLC or anything of that nature.
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18 June 2024 | 0 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.
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19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.
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17 June 2024 | 6 replies
@James Daley You'll need some 'skin in the game' on a deal like this.
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20 June 2024 | 245 replies
That’s the natural progression for most people in life.
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16 June 2024 | 1 reply
I've seen several posts mention Transaction Coordination as a natural beginning point for understanding how deals are initiated & completed, or Wholesaling as another idea.
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16 June 2024 | 11 replies
Louis, MO.I have a question that I was hoping the BP community could help with: I was wondering if anybody could point me in the direction of a nice, clean, and easy to use accounting spreadsheet template (or something of that nature) for real estate investing book-keeping?
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16 June 2024 | 33 replies
Plus many hotels in the more nature-y places have non-refundable policies in place anyway and their rates are just as high.