We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

Our standard practice is to show tenants copy of deed, showing new owner, and a copy of our management contract to show them that new owner legally hired us - so, we're their new PMC. 

Last and most importantly, 99.9% of BP posters who are concerned with asset protection and/or believe anonymity will somehow protect them can’t even articulate what they are protecting against and that’s what leads to unnecessary time and expense spent on flawed asset protection practices. 

Could you share any best practices or key criteria for evaluating potential partners in real estate projects?

Conduct thorough due diligence, including property inspections and financial analysis, to ensure it aligns with your investment goals.Property Management: Since you'll be living in one unit and renting out the other, familiarize yourself with basic property management practices.

This is a practice that has led to amazing results.

From what I gather, the capital appreciation is little to none.At the moment, I am getting a 7% return from dividend-paying US ETFs with practically little time and effort.Would you consider investing in condos in Thailand that don't show more than 10 to 12% ROI and I'm talking about ROI as rental income.

I'm reaching out to see what best practices, behaviors, tools, etc. will help me find the right markets across the country for different investment strategies? 

Hello Mara HayesFor your situation, hiring a fee-only financial planner who charges by the hour would be a practical choice.

Somebody from NJ posted this in a separate thread about 21 days ago and I meant this thread to be a one-stop place to gather information on good wholesaling practices, so I am going to link to the thread I took it from and copy the text below. https://www.biggerpockets.com/forums/93/topics/1194082-5-tips-to-create-a-real-wholesaling-business-and-not-a-chop-shop?