
30 January 2025 | 6 replies
@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

20 January 2025 | 1 reply
For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

28 January 2025 | 6 replies
My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection.

31 January 2025 | 3 replies
I've personally utilized private notes on three transactions and participated in another handful of negotiations with sellers on behalf of buyers in the past five years.

21 February 2025 | 28 replies
I personally own in Racine, and I am expanding my portfolio into Milwaukee.

10 February 2025 | 20 replies
I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

31 January 2025 | 46 replies
I can think of a few BP-specific cases where the ability to delete a post makes sense:Noobs don't usually get the '@' feature right the first time, so I am constantly seeing double-posts so that they can properly call out the person.

30 January 2025 | 12 replies
It can be a very good market, but the why behind your choice may help us give you better advice on how to move forward.Before realtors and property managers, you really need to meet other investors so you are making a good move by trying to do that here, but it would be better if you could do it in person.

29 January 2025 | 8 replies
The person had something of an accent.

7 February 2025 | 10 replies
@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor.