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5 January 2019 | 2 replies
There isn't, it's best to just search for it in the BP search bar (top right) and then ready through all the posts.Here's a good one for you: https://www.biggerpockets.com/forums/67/topics/427...
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11 January 2019 | 19 replies
I can recommend some great breweries or bars.
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3 January 2019 | 1 reply
I have 6 more leads in the funnel now, and should be closing on two properties this month to start the new year right - barring any unexpected situations.
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9 January 2019 | 22 replies
@Lou LaMedica my mom is a wegman addict :) they actually live close to the town center where wegmans is located ( I want to say its woodbridge town center but could be wrong, they have a bunch of restaurants/bars there).
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9 January 2019 | 50 replies
I appreciate your opinion, but I will take my legal advice from a panel licensed by the State and have passed the Bar, the Attorneys I pay dues for specialize in Fair Housing, ADA and related, they all agree, as landlords we are allowed to ask for proof under the law.
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8 January 2019 | 3 replies
You still have several options, depending on if you want to invest directly in individual properties or be a bit more removed:Full-service turnkey investment: Should be mostly passive after you do your due diligence and pick a provider, but don't skimp on your homeworkYou choose which props to purchase, but have no control over tenanting choices, some say in large maintenance expensesAvg cost for solid B/B+ prop in Birmingham (and some other markets but this is the one I have data for, since it's my market) is about $100k per door; you'll pay market price for a tenant-ready, fully rehabbed propertyPartnering with someone who does the on-the-ground stuff while you provide capitalCan be passive if your partner really knows their stuff, but more likely you'd be fairly involved with the choices madeMore control since you call the shots with your partnerYou can pick which markets and price points you're interested inPotential for higher returns (ie buying distressed and then forcing equity through renovation) if your partner is experienced and can execute consistentlyInvesting in a syndicateMany investors pool funds to invest in much bigger projects like commercial space or large MFRs, or in larger portfoliosVery passive, investors are not responsible for project vetting or management, but you have no controlMay have higher bar for entry, some syndicates require large investments and you'll need to have liquid cash on handBuying shares in a REITLike an ETF but comprised of real estate investmentsVery passive, but no control over which assets are held in the fundHighly liquid, easy to buy and trade, lower bar for entryEverything is a trade-off between passivity and control, time and money.
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9 January 2019 | 19 replies
Once you have that, you then have a commitment from the lender that barring a program or eligibility change, this will be their fees and rates.
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29 July 2019 | 39 replies
Do all the homes have security doors and bars on the windows?
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25 April 2019 | 17 replies
Sometimes they will balk at the increase and say the tenant cannot afford it, but just push that it is market rate - just because its section 8 does not mean you lower the bar.
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29 April 2019 | 6 replies
There are many different ways to create a business model I would definitely make sure I understand all the laws and regulations such as fair housing discrimination fair credit reporting act and local property code before you go down this path you may be creating a lot of extra work in a lot of potential lawsuits and litigation if you’re not versed on the laws that protect tenants I would just ask yourself what the goal of the reason you’re doing that is if it’s to save a little bit money or not deal with an incompetent property management company then you may want to change companies before you go through all of this work just as a side bar of what you’re trying to do