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Results (10,000+)
Moses Sefah Bosompem How Do You Conduct Market Research for Your Investments?
13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
Ryan Dori Need feedback on properties I listed
13 June 2024 | 5 replies
While you’re already using a variety of online platforms, make sure your ads are optimized for the right audience.
Alex Zweydoff Why Landlords and Investors Should Use a NARPM Member Property Manager
13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.
Cheree Harris Best accounting software for real estate investors?
13 June 2024 | 17 replies
These platforms are robust, with features that can handle everything from expense tracking to rent collection and the financial aspects of buying and selling properties.
Alessa LeSar I'm ready to strategize!
16 June 2024 | 27 replies
However, be mindful of the repayment terms and interest rates.Risk Management: Ensure you have a solid plan for managing the debt and contingencies for market fluctuations.Practical Steps and StrategiesMarket Research: Continue leveraging your knowledge of the Asheville market to find undervalued properties with high rental potential.Financial Planning: Work with a financial advisor to create a detailed budget for your investment strategy, including purchase, rehab, and holding costs.Networking: Engage with local real estate investment groups and continue learning from successful investors through platforms like Bigger Pockets.Boot Camps and Education: Your proactive approach to education through boot camps and BP PRO is excellent.
Cody Gray Off market SMS recommendations
12 June 2024 | 4 replies
If so, which platform seems to have best delivery results?
Simone Montague-Jackson Real Estate Syndications: Spark Rental
14 June 2024 | 15 replies
You'll also pay Spark's $59 membership fee 60 times, the LLC maintenance fee 5 times - $3.915 in expenses to use Spark as your "platform. " Net $1,085.
Max Tulberg Seeking Advice: Newly Licensed in Virginia, Eager to Work with Investo
12 June 2024 | 2 replies
Are there specific networking events, online platforms, or strategies that have proven effective for building relationships with investors?
Artiom Bic 23 Year old live in Manhattan Seeking Investment Advice and Connections
12 June 2024 | 20 replies
Hello BiggerPockets Community,I'm excited to join this platform and connect with like-minded individuals.
Denise MacDonald Two Driven Women on a mission to build a real estate empire! Guidance appreciated!
12 June 2024 | 26 replies
Some of the platforms we are considering include Foreclosure.com, Propstream and of course BiggerPockets.