
30 July 2024 | 18 replies
Once you find a house that you believe would be a good rental, meaning desirable to your target market of customers (people within a couple of mile radius of the place), and all of the costs of monthly ownership that you can accurately project fall below the rental amounts that you project that you can get from your target customers, then you have a possible business asset that you can use to produce income, and have renters pay down the mortgage, while hopefully it goes up in value at least with the rest of the economy.

30 July 2024 | 4 replies
@Krishna SurendraRecommend 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.

31 July 2024 | 7 replies
Legal documents and customs are tricky in a native language let alone a foreign one.

31 July 2024 | 17 replies
The cost of labor and materials now is insane.The type of work on my custom house is about 400 a foot.

28 July 2024 | 31 replies
Often, these insurance companies are able to pay a higher rate and desire a nice property to ensure they keep their customer happy as they go through an extensive claim.

30 July 2024 | 23 replies
Knowing of course that it is an IRS untaught method to their people who Audit return (of our SIC codes)-- An unknown fish so to speak that might cause them to simply redline it costing the customer big Bucks $$$$$$$$$ (and anxiety).The tax savings on a $30,000 write off should buy quite a few Mcdonald's cheeseburgers.

30 July 2024 | 9 replies
They are a much forgotten group and that's kind of a disgrace.I also have great deals cross my desk all the time in PA and S.Jersey, be happy to share if you ever wanted to take a look.Thank you for the encouragement.

29 July 2024 | 5 replies
But I try to encourage my clients to value time to market.

30 July 2024 | 8 replies
I would also encourage you to keep building up cash reserves, you're going to need them.

31 July 2024 | 20 replies
there is a ton to being a GP syndicator raising 3 to 5 mil 50k at a time.. you now have 100 partners and the amount of oversight customer care and Risk in my mind has to be considered compared to what you do now which is build sell and make nice bucks without being beholding to anyone but your construction lender. ??