Don Konipol
What Does it Take to Achieve the Dream of Full Time Real Estate Investor?
20 January 2025 | 1 reply
Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.
Anthony French
Any ideas or information finding funding for a development
24 January 2025 | 6 replies
Explore Potential Funding OptionsPrivate Money Lenders (PMLs): Reach out to private individuals looking to invest in real estate.
Don Konipol
Passive Investor Strategies vs Active Investor Strategies
24 January 2025 | 3 replies
IMO, the best strategy for that type of individual is to purchase residential property in an area they are or can become familiar with; in an area where the neighborhood is “on the rise”, typically where demand exceeds supply and people are spending $$$ on fixing up properties.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Ricky Moore
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
16 January 2025 | 2 replies
Hi BiggerPockets community,excited to connect with like-minded individuals who are passionate about real estate investing.
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
BiggerPockets or LinkedIn can also help you connect with like-minded individuals.
Jonathan Snider
LLPAs for Vacation Home Loans
28 January 2025 | 8 replies
All programs have LLPAs but that's more so any bank's individual guidelines and overlays to specific product pricing.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
I'm using the heck out of virtual accounts and virtual cards, which is helping keep my finances much more organized for each individual property.
Sakshum Kulshrestha
Questions about Philadelphia Market for LTRs
28 January 2025 | 6 replies
I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.
Jose Martinez
32 Rentals – What’s Next?
27 January 2025 | 8 replies
They view each loan individually and have been lending to me even though I only work my W-2 on a limited part time basis.