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9 January 2025 | 2 replies
I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?
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18 January 2025 | 16 replies
Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will not be underwater.
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15 January 2025 | 9 replies
Bigger Pockets also vets lenders a bit before allowing them to participate in the Bigger Pockets Find A Lender tool so they've already done some of the due diligence for you.
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15 January 2025 | 5 replies
(for instance, this property has a backyard that could become parking; however, there is no way to access it unless the neighbors allowed us to use there driveway to get there).* Are there any other downsides I might not have considered with street-only parking?
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15 January 2025 | 5 replies
This will allow your agents and wholesalers to assist you better. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.
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16 January 2025 | 0 replies
I prefer to source all my deals off-market, which allows me to find properties with less competition and negotiate directly with motivated sellers.
17 January 2025 | 7 replies
It also allows the manager to work directly with the insurance company to resolve issues efficiently.In Texas, this is part of the standard Texas Board of Realtors Property Management Agreement and is considered an industry best practice.
16 January 2025 | 1 reply
100% VA loan, which allowed me to put money saved towards renovations.How did you add value to the deal?
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24 February 2025 | 26 replies
Keeping it up allows more potential tenants to find it over time.✔ Consider a Shorter Lease – Offering a 6 month or 18 month month lease can align the renewal with the peak spring/summer rental season.✔ Hire a Professional Property Manager – An experienced property manager can market the listing more effectively, screen tenants, and minimize vacancy, which is especially useful for a new investor.✔ Invest in Professional Photos – High-quality photos and a well-written listing can significantly improve interest, especially in a slower rental season.✔ Ensure All Basic Maintenance Issues Are Addressed – A rental sitting on the market is a great time to check for leaks, HVAC performance, paint touch-ups, and deep cleaning to make sure it’s move-in ready.
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14 January 2025 | 17 replies
I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..