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13 January 2025 | 25 replies
I totally agree with you about spending time in person to build a network - my husband and I are definitely open to making trips to Buffalo or other markets we're interested in to get a better feel.
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30 December 2024 | 20 replies
I say Keller Williams because I used to be an agent there and I know they are a large brokerage world wide. 100% of $1,000 commission is still better than 100% of $0 commission.
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21 January 2025 | 31 replies
Check Better business bureau site for reviews and so many complaints.
1 January 2025 | 24 replies
These questions will help myself and others give you a better answer:1.
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2 January 2025 | 36 replies
Brandon Turner has an awesome podcast called "Better Life".
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5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
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29 December 2024 | 24 replies
Partners are happy because I don't charge an exorbitant fee and do a much better job.
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27 December 2024 | 6 replies
Nothing is better than MLS access for before-renovation comps and ARV.
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29 December 2024 | 5 replies
I'd seriously consider finding a new PM who has better systems in place for handling these situations.
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24 December 2024 | 6 replies
HI, Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding?