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18 November 2024 | 12 replies
I'd hate for you to spend thousands on a simple paperwork drill but I also dont want to you to get in over your head.Good luck
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19 November 2024 | 11 replies
Id like to add we spend extra hours after work on wholesaling, and i do cold calling.
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15 November 2024 | 12 replies
Eliminate debt, establish a budget, and save.
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20 November 2024 | 23 replies
In that case, I guess I don't understand why you would even want to spend money on any such system.
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15 November 2024 | 12 replies
Who walked it and gave you the reno budget ?
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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16 November 2024 | 21 replies
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?
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17 November 2024 | 6 replies
Buying down to 5.75% for $4,400 will give you immediate monthly savings and stability, which can be nice for budgeting as a new landlord.
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21 November 2024 | 14 replies
You will definitely need to hire an engineer and you will definitely spend more money.
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15 November 2024 | 3 replies
It’s written explicitly for investors to help them understand rehab projects and budgets.