
19 October 2024 | 25 replies
This bipartisan proposal responds to the urgent need for new housing, with estimates suggesting a shortage of up to 5.5 million units nationwide.Legislation like the HOUSES Act, which has received bipartisan support, aims to unlock millions of new homes by using underutilized federal land.

19 October 2024 | 0 replies
Social Media and Digital Marketing: Invest in virtual tours, high-quality listings, and digital advertising to reach a wider audience.

22 October 2024 | 23 replies
They would start a new business or find some other high risk/high reward investment opportunity, but one advertised with a greater than 2-3% success rate.

18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

17 October 2024 | 22 replies
When done right, Facebook can go neck and neck with any other lead-gen method out there.If you have the ability or the budget, building out a proper SEO strategy should be a top priority.Google PPC is highly effective but the truth is most investors without a hefty advertising budget can’t or shouldn’t spend their dollars there.What are you doing right now to generate leads?

15 October 2024 | 3 replies
It's OK to share your expertise about real estate or your local market, but you should only advertise yourself or your company in the classifieds.

18 October 2024 | 13 replies
There are lots of people operating illegally and you can find them advertising properties illegally all over the BP Marketplace.

17 October 2024 | 1 reply
I would pop into one of the local Chinese banks (specifically the ones who advertise real estate loans) and see if they have a connection!
15 October 2024 | 69 replies
This is a smaller market, and even 1,000 LPs paying the subscription fee will support less than 5 full time employees.

17 October 2024 | 4 replies
I'm not sure if it's too late to go back and change it now or not, but would you recommend land appraisal it at this point, or do I have enough supporting evidence to use 6%?