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5 December 2024 | 5 replies
Another thing I am doing right now is looking for a mentor to help with my strategy, but in the meantime I thought I'd make a post and hear what BP investors would do in my shoes.For my situation, I am 26 and I have a very low income (55-65k annual) for my household and a growing family of 5 to support.
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7 December 2024 | 14 replies
It was truly the wild west.For the same reason I said several years ago the price of houses weren't going to crash due to supply and demand and the supply being so low, I believe the same thing is going to happen out here.There was an oversupply of building going on 2 and 3 years ago out here especially on the bigger cabins.
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6 December 2024 | 45 replies
Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.
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4 December 2024 | 32 replies
@Lorenzo Lopez You do bring up some fair points and it's often tough to stand out from the crowd when so many others are doing the same thing.
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10 December 2024 | 16 replies
It sounds like you did a lipstick flip with very low-end furniture just from your description and to succeed at MTR, you need make convenience a priority.
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6 December 2024 | 21 replies
If you're scared to take the leap to get your first property, I'd advise making your first deal as low risk as possible.
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5 December 2024 | 5 replies
Ultimately, it depends on your goals (low rates, fast turnaround, etc.).
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30 November 2024 | 10 replies
Congrats on pursuing agency and seeking working with the investor crowd!
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7 December 2024 | 11 replies
Another difference is when a PM quits, typically the stakes are pretty low, you just hire another one.
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4 December 2024 | 5 replies
hey @Jason Lowe your property sounds incredible and it sounds like you have some good ideas flowing.The BiggerPockets community has profoundly impacted my journey in real estate and investing!