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25 December 2024 | 8 replies
One important detail is that my brother currently lives with us, and we are open to having him stay with us if we do make a purchase as a renter to help cover our mortgage.I see our main options as the following:1) Buying an SFDU to live in, and "house hack" with my brother continuing to live with us and pay rent2) House hacking with MFDU.
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20 December 2024 | 9 replies
I've called the attorney and followed up via email but they've mentioned that they are at the discretion of the court and can't do anything to speed things up.
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24 December 2024 | 6 replies
There is some room for creativity here, but it takes careful planning and execution, and there is only so far you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Legitimate tax strategies, just not for the EOY to-do listForm an S-corporation.
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29 December 2024 | 24 replies
After a rough first year where I lost money for 8 months followed by another 4 months of learning how to self manage remotely, I had a great 13th-25th months where we have kept the placed booked, kept it profitable, and largely reinvested into the property.Here is the question though- to buy the first property, my wife and I used a HELOC on our primary and used that for the downpayment on a new property, for the furniture, appliances, etc, and all of the other little costs that go into getting going.
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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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16 December 2024 | 5 replies
If the information is out of date is there a follow-up book you folks can recommend so I can make up for the gap of this original version?
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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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18 December 2024 | 3 replies
This is part of a larger trend of waterfront developments happening such as the Potomac River Generating Station turning into a 2.5 million square foot mixed-use community, the Montgomery Center turning into 327 new apartments, 25,000 square feet of retail, and 13,000 square feet of arts and cultural center starting July of 2024,This puts Robinson Terminal North as the next big project developers are eyeing, with Rooney Property groups announcing their plans to redevelop the decade-long abandoned warehouse space into a 600,000 square feet multifamily, retail, and thriving park area by 2025 following the completion of Hazel Waterfront Tunnel at the site.This new development, which received approval just a little over a month ago, has had many delayed development plans due to concerns about environmental hazards, which have now all been cleared upSources:Robinson North plan advances amid environmental concernsAlexandria Waterfront Small Area Plan March 2024Potomac River Generating StationSwimmable Potomac River CampaignMontgomery Center Redevelopment ApprovedAlexRenew completes two-mile long, 100-foot deep tunnelAlexandria City West, Landmark Mall Redevelopment (2028)Alexandria's Landmark Mall, which at a time was a thriving 52-acre strip mall that was a major attraction in West Alexandria, has long been an eye soar and swath of unused space.
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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.