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27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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23 January 2025 | 10 replies
More doors means less vacancies and it might motivate you to save up and buy a new SFR when you are ready to settle down.
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24 January 2025 | 1 reply
People are more likely to buy and stay here, versus move around.
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28 January 2025 | 9 replies
In answer to your question- Yes, I hope to buy and hold here and flip when possible.
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22 January 2025 | 21 replies
@Brad Kanouse,I believe this is a duplicate of this post:https://www.biggerpockets.com/forums/311/topics/1210256-usin...But regardless, here is my answer:If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.
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30 January 2025 | 0 replies
If you're prepared to acquire multiple properties at once, you can gain a competitive edge and negotiate better deals that simply aren’t available when buying individually.3.
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30 January 2025 | 3 replies
Suppose you buy a $700,000 three-flat in Avondale with a $5,000/month mortgage and rent out two units for $1,500 each.
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23 February 2025 | 246 replies
They also said that, as an inner circle member, if you had a joint venture with them and you wanted out, they would buy you out at a 20% profit.
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28 January 2025 | 6 replies
It will be even harder as a young person with no life experience, and particularly no experience buying real estate.
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23 January 2025 | 11 replies
And the locals in Highlands have been fiercely debating STR's and regulations for the last few years, so I wouldn't be comfortable buying there.