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9 October 2024 | 3 replies
A few other resources that offer funding opportunties for blighted and/or brownfield site renovations are MPCA, Kansas State Technical Assistance to Brownfields, DEED, LISC.
10 October 2024 | 0 replies
For example, the “Home Sale Exclusion Gain” (IRS Section 121) lets you exclude up to $500,000 in profits if you are married filing jointly and $250,000 if you are single.The post originally appeared on the BiggerPockets blog.
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8 October 2024 | 3 replies
I have looked into multiple "Angel Investor" sites (invstr.com, pitchbook, askforfunding) as our company is growing and we need to secure funding before we turn loans away.
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9 October 2024 | 1 reply
Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!
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9 October 2024 | 10 replies
Also, you are able to purchase upto 100 mile radius from your job site.
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3 October 2024 | 7 replies
My name is Chris and I am a site super for a gc in North and Central Florida.
8 October 2024 | 5 replies
Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).
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10 October 2024 | 19 replies
@Alexander Phillipslike the others i am struggling because while i sympathize with you, none of this is really adding up...i'm also worried about what you putting "full trust" in your mentor means.sounds like you need to print a copy of your contract out, read it, get out to the site in person, and sort this out.
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14 October 2024 | 31 replies
An important point is that if you didn't do the renovation or weren't on site checking frequently as the property was renovated, you never know how good the repairs done were by the seller or previous owners (this requires a good bit of construction knowledge).
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8 October 2024 | 3 replies
Instead, I would be focusing on adding the STR to as many listing sites as possible!