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Results (10,000+)
Glen Michael Acquiring another property management company, thoughts on best method to use.
5 October 2024 | 2 replies
Obviously we still need to discuss and get more information to try and determine its true valuation, etc...., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend! 
Lisa R. Capital gains tax
4 October 2024 | 5 replies
That sounds too good to be true.
Dave Hart BP referral for Tax services - beware
5 October 2024 | 17 replies
Big difference It’s like seeing an ad pop up on google that says Google sponsored ad - it doesn’t mean Google recommends them it means they are paying GoogleThe same holds true for self directed ira custodians and others who may have on their website some names “sponsors” - a sponsor isan organization that pays a fee in return for advertising.
Peter ODougherty Buying a grandparents home to flip?
7 October 2024 | 9 replies
This is way more true than is readily apparent.
Sovat C. Retire with 15 properties on 15 year mortgages
4 October 2024 | 14 replies
@Sovat C.The live tax free part is not true.
Christopher Morris FHA Streamline Product
3 October 2024 | 7 replies
Is that true?
Jimmy Leaton I want to buy my second home and rent out my current home
3 October 2024 | 11 replies
If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.
Greg Moore Anyone moving their investments to Bitcoin?
7 October 2024 | 190 replies
I still hold a number of cryptocurrencies, but if you are just speculating for a future payday, I’d recommend a very small percentage of your portfolio go to cryptocurrency, and instead stick with tried-and-true investments like real estate.
Rong Liu Anybody uses OneRent Property Management (bay area)
7 October 2024 | 35 replies
If you're hesitant about our services, you can DM me on BiggerPockets here and I'd be happy to chat.Thank you, and I welcome feedback from anyone via a DM if they have ideas on how we can improve our service and provide genuine value to landlords and renters.One rent is a scam everything you said IS NOT TRUE, we are still waiting for the money onerent has to pay us.
Jonathan Greene The Worst Thing You Can Have as a New Real Estate Investor is Thin Skin
3 October 2024 | 4 replies
@Jonathan Greene this is very true