5 August 2024 | 5 replies
@Sai Kumar Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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10 August 2024 | 85 replies
Samana appealed to me - it’s gorgeous, green, mountainous and lush (surprisingly so), small, friendly villages, amazing beaches.
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5 August 2024 | 8 replies
Quote from @Jonathan Greene: You said you stopped wholesaling because it interfered with your 9-to-5 too much and you want to flip in-state or out-of-state?
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8 August 2024 | 46 replies
But, overall, you will never know until you cross those lines.
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5 August 2024 | 3 replies
The cash-out refi necessarily means thousands of dollars in additional expenses - likely setting you back further than you went forward in mortgage pay down during the same time period if refinancing in 1-2 years - but hopefully earning more equity in the meantime (fingers crossed).
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6 August 2024 | 38 replies
Following David Green’s Core 4 strategy (realtor, contractor, property manager, and lender) makes investing anywhere feel solid.
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5 August 2024 | 6 replies
You posted this thread, so you have already started.Just like @Jonathan Greene mentioned, don't chase the quickest and easiest method to wealth.
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5 August 2024 | 21 replies
It would be an adjustable rate starting at current rates about 7%, with rates hopefully coming down through the next year, if I bought a quadplex in Toledo that i'm currently looking at for $380k, it would be grossing me $4250 a month with a payment back to Chase of about $2200, still in the green after insurance, property taxes and management fees, and the money i'm borrowing against will still be invested HOPEFULLY continuing to grow with the current stock market.Anyone ever bought a property with an SBL?
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4 August 2024 | 5 replies
I have insurance either way, but he said it's still best to split them up, with each having their own LLC.My plan is to create a new LLC for each one:-123 MAIN ST, LLC-123 GREEN ST, LLC...and then use my original LLC as the "Holdings Company", which then owns those 2 LLC's, and any additional properties I acquire.As of now, I have 1 business credit card and 1 business account for *JOHN SMITH PROPERTY INVESTMENT, LLC* -- this makes things easy from a bookkeeping standpoint.
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4 August 2024 | 15 replies
PMC RECOMMENDATIONRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.