Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
Jackson Pudlo
First Time Real Estate Buyer - Seeking Advice on Single Family VS Mutli Family Units
23 January 2025 | 10 replies
I just think ultimately you’ll be happier in the long run.
Chase Pomerantz
Newbies looking to break into real estate investing
7 January 2025 | 8 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
A few clients or properties can suck up all of our time and attention and ultimately, prevent us from taking on more business.
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
12 January 2025 | 10 replies
As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.
Zach Schofel
RE Developer and Proptech based in NYC
29 December 2024 | 2 replies
On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
Change some of the variables, it will give you an intuitive feel for where you need to focus next given the opportunities at hand.Finally, the ultimate combination is having a business AND invest in real estate.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
I think overall life satisfaction is very important so ultimately have to do what’s best for you.
Elijah Quinones
How to gain momentum as a real estate agent
3 January 2025 | 4 replies
My ultimate goal is to save up enough money to invest in a fix and flip property(which my family has been doing for a while) and live in it, until I rent it out and use the equity for another home.For any real estate agents or professionals in general, how do you find consistant deals?
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
By focusing on incremental growth over decades, it mitigates short-term volatility while building a foundation for sustained impact.How This Model WorksLeveraging Time = MoneyTime is the ultimate hedge against risk.