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2 October 2024 | 6 replies
I've thought about property mgmt. but I'm having a problem deciding on whether or not giving up 10% of gross income to cover the cost of mgmt. is worth more than convenience of improving the proximity of another location closer to my primary and easier to continue managing myself.
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7 October 2024 | 35 replies
If you're hesitant about our services, you can DM me on BiggerPockets here and I'd be happy to chat.Thank you, and I welcome feedback from anyone via a DM if they have ideas on how we can improve our service and provide genuine value to landlords and renters.One rent is a scam everything you said IS NOT TRUE, we are still waiting for the money onerent has to pay us.
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1 October 2024 | 6 replies
I joined believing the community was here to help its members make such decisions, (smartly), and in some cases, partner together to improve the probability of success (and learning for the newbie!).
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30 September 2024 | 6 replies
And you've joined one of the best communities for all things real estate investing.1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill 3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 4️⃣ Ask questions here on the forums.5️⃣ Visit (join) a local (and legit) real estate investment association.6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcampsI wish you all the best in your investing journey!
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3 October 2024 | 0 replies
This is why both presidential candidates are talking about the need to reform housing regulations on the campaign trail.Construction Innovation: A Call to ActionIt seems that innovation in the construction technology space, and thus labor productivity, is an area for significant improvement.
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1 October 2024 | 3 replies
Improving your marketing on Airbnb and expanding to other platforms can help too.For your next move, consider scaling your portfolio by investing in more units or exploring long-term rentals.
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1 October 2024 | 7 replies
If you bought down the rate it would take longer for the market to improve enough to make refinancing worth it for you.
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1 October 2024 | 4 replies
Consult a Mortgage Broker: Working with a broker who specializes in investment properties can help you find the best financing options and streamline the process.By being well-prepared and informed, you can improve your chances of securing financing for your vacation rental investment.
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2 October 2024 | 13 replies
Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.
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25 September 2024 | 0 replies
This shift in terminology raises an important question: Is it truly an improvement, or are we witnessing necessary corrections to previously inflated prices?