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21 December 2024 | 1 reply
Based on my extensive research, the data suggests the following success and failure rates nationwide:Success Rate: 70-80% for experienced investors, 50-60% for beginners.Failure Rate: 20-30% overall, with 10-15% leading to significant losses.I’m eager to hear insights from any BP members who would like to share their thoughts.
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21 December 2024 | 1 reply
Hello BP.As part of me and my partner plan to establish a Joint Venture with an investor, we are moving forward with purchase of a property in JV model.We would appreciate clarification on the following points:1.
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25 December 2024 | 12 replies
Within 3 days they were on their way, the house was empty and very clean and we had it posted for rent the following weekend.
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15 December 2024 | 14 replies
Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play?
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19 December 2024 | 7 replies
Amazing what can come of just grinding volume with cold calling Volume + consistency + follow-up = DEALS.Simple really. 100%
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27 December 2024 | 18 replies
Here is how the Roth conversion works: you can convert anytime between January 1st and December 31, and you will receive a 1099R from your IRA custodian or 401k plan administrator before January 31st of the following year, which will be included in your tax return filing and that is when the taxes will be paid: at the time you file your tax return.
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16 December 2024 | 6 replies
@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several.
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26 December 2024 | 10 replies
Within the U.S. if you want to avoid the bureaucratic nightmares that often follow STRs you will probably want to invest in a well established STR market that already has laws favorable to STRs.
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22 December 2024 | 14 replies
I just make a separate account for each one because not all my properties are renting at the same rate but now that I'm thinking about it more, I might just follow you.
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23 December 2024 | 9 replies
If a repair will take longer than expected, update them regularly.3.Surveys and Feedback: After a maintenance issue is resolved, follow up with tenants to ensure they’re satisfied.