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12 January 2025 | 12 replies
@Stefano Vrolijk it all depends on your credit history, whether you have an SSN/ ITIN and how much you can put down.
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3 January 2025 | 45 replies
Even with my former partner (who was our 'PM / GC' on site for our projects), it was sometimes tough navigating the process, managing budgets and costs, and keeping everyone in line, including him.
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9 January 2025 | 9 replies
Now on raising $ side of things, I suggest first you do some research on syndications.
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8 January 2025 | 6 replies
I own one half, 3 bed 3 bath, and I’m currently living in and renovating it with plans to rent down the line.
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10 January 2025 | 12 replies
Definitely open an LLC if you haven’t done so already and once you have a couple under your belt, you will have lenders lining up for your business.
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7 January 2025 | 5 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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6 January 2025 | 15 replies
Often pretty quickly....see something online at 1pm and I'm meeting you there at 2pm to see if we can lock it up before someone else did.
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30 December 2024 | 7 replies
If this is about a fence a foot over the property line, I don't think the juice is worth the squeeze..
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28 December 2024 | 1 reply
Once that's covered, you can go all-in on those fabulous renovations.Effective marketing plays a pivotal role in attracting tenants and increasing property appeal.
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7 January 2025 | 8 replies
First congratulations on taking your real estate education seriously and putting yourself out there by posting on the BP forums.