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23 September 2024 | 4 replies
@Cathy LiRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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25 September 2024 | 4 replies
That’s why most professionals would need to look at everything, not just one part, to give you the best advice and ensure no mistakes are made.Hiring a professional might cost more upfront, but it’s worth it for the peace of mind and to avoid potential tax issues down the road.Best regards,Jason
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23 September 2024 | 1 reply
- What are the worst areas I should stay away from?
24 September 2024 | 10 replies
IMHO they are the worst properties Vegas has to offer although they have tripled or quadrupled in value in the last 10-15 years, that was the play, not the cash flow.
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25 September 2024 | 13 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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24 September 2024 | 12 replies
Massive waste of time and money, my worst decision in my 5 years of real estate investing :).
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25 September 2024 | 17 replies
It wouldn't hurt if you wanted to do that now as they could provide good information as you move forward and make decisions.Benefits: building a relationship, shopping firms to get the best fit, knowledge regarding big financial decision before they occur, knowing if you're making any major mistakes, determining if your plans will actually help you tax wise SummaryIt might be too early but only something good can come out of a meeting with a knowledgable tax professional earlier rather than later.
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24 September 2024 | 6 replies
And don’t mistake on purpose actions for meanness or lack of sympathy My job after all of the diatribe and crap is to produce the highest level of profitability possible It’s not to make friends
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24 September 2024 | 4 replies
Don't rely on your personal income to pay this back - it's a big mistake.2.
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23 September 2024 | 2 replies
How your rental looks when he moves out, well...be prepared for the worst.