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16 December 2024 | 11 replies
If the call is important, they can leave a message and/or text, and state that in your answering message.
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14 December 2024 | 12 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe 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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19 December 2024 | 22 replies
Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!
16 December 2024 | 8 replies
This is too important and also sort of a personal question depending on your state and specific circumstance and I suspect not a one size fits all answer would suffice.
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14 December 2024 | 2 replies
This is an important point and I have been in similar situations when we have moved into new counties (I am a PM so manage in about 8 different counties).
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14 December 2024 | 5 replies
Depending on your level or preference of analysis, data and their providers are incredibly important and difficult to obtain when it comes to real estate underwriting.
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17 December 2024 | 16 replies
You bring up some great points, especially about the importance of thorough due diligence.
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17 December 2024 | 4 replies
That's why I stress the importance of building a relationship first.
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19 December 2024 | 22 replies
Obviously the net number is what's most important to sellers typically but I have found escaltion clauses and offering free rent backs to the seller are just a couple of ways to make your offer stand out.
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17 December 2024 | 16 replies
However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.