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17 October 2024 | 7 replies
I know how to get fantastically accurate estimates for simple single-family deals but was wondering if anyone had advice on where to start for running numbers for 50+ unit deals.Also, if anyone has any advice on helpful systems and technology - or for managing larger scale real estate businesses to be a valuable partner, I'd gladly listen.
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18 October 2024 | 6 replies
But at a high level... there isn't a magic formula only the pros know... but the pros put in the work to learn how to make a website really perform well... which does take putting in the time and the work to learn it.
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18 October 2024 | 8 replies
As long as you and your CPA maintain thorough and accurate records, you should be in good shape.
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17 October 2024 | 20 replies
Challenge is, finding a PMC that meets your expectations and is organized well enough to consistently deliver.Read on for our copy & paste advice about screening PMCs:-----------------------------------------------------------------------------Recommend 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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17 October 2024 | 6 replies
There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?
17 October 2024 | 15 replies
This way, you could perform a cost segregation study this year and benefit from a higher bonus depreciation rate of 60% for 2024.
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17 October 2024 | 3 replies
Zillow is never accurate.
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18 October 2024 | 3 replies
Any delay or failure in the performance by Landlord hereunder shall be excused if and to the extent caused by the occurrence of any event that is beyond Landlord's control, such as fires/ floods, earthquakes, wars, sabotage, terrorism, vandalism, governmental acts, injunctions, or labor strikes, acts of God and any other occurrences that are unavoidable or unpreventable despite reasonable efforts to prevent, avoid, delay, or mitigate the effects thereof."
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19 October 2024 | 14 replies
Going to meetups and conferences in a market you live in or are interested in investing in is always a great way to get a good sense of what it is like investing there and seeing how your property could potentially perform.
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17 October 2024 | 20 replies
They are properties circulated to long lists of unsophisticated buyers and if you are the highest offer you’ve likely outbid a bunch of prospective buyers who underestimated their improvement costs or overestimated their ARV while most likely proceeding without the ability to perform normal transaction diligence.