John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
But, find opportunities to make a happy buck off it can get complex.
Alexander Dombeck
Advice On Commercial Real Estate Purchase - 1st Time Owner
19 December 2024 | 3 replies
Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.
Jonathan Cubeta
Tenant screening
27 December 2024 | 12 replies
You can ask the prospective tenant about the addresses or simply do a Google search for those addresses and, if it belongs to an apartment complex, you can call the apartment to see if the tenant ever lived there.Public Records:This part of the credit report will list any judgments levied against the tenant -which includes garnishments or evictions that have a monetary claim.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Larger properties offer economies of scale and better financing terms, but they also come with more complexities and higher upfront costs.
Lee Ripma
Understanding Kansas City Neighborhoods and Zip Codes
25 December 2024 | 12 replies
I’ll still try to answer the question: Pros of Kansas City for buy and hold small multifamily rentals: Hybrid market so you get some cash flow and some appreciation (con if you want only cash flow or only want appreciation) Inventory of 2, 4, and 5-50 MF buildings (not true of a lot of markets that only have SFH and very large complexes 100+ units)Relatively low property taxes, although check for the city and state you are in (e.g.
Marie Copul
W2 Income +500k - What's the best real estate investing strategy for me to scale?
6 January 2025 | 25 replies
For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals.
Leslie LaBranche
Jerome Maldonado real estate developer training
19 December 2024 | 47 replies
I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone!
Philip Ganz
How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
Then your heirs can inherit your position and keep it going every 10 years.....etc....as compared to the MIN which is due in 30 years.For example here are a few recent CRE deferred sales trust deals:- Owner who sold a $34M apartment complex and moved his funds into a Deferred Sales Trust. - $18M Business Sales of Veterinarians who sold multiple practices in Virginia and Indiana.Another example, was for a couple who sold their primary residence for $26M in Newport Beach defer $6M in capital gains tax.
Kris Lou
PM Fees in Indy
19 December 2024 | 5 replies
We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.
Shakthi Kamal
Which is better - LLC or Umbrella Insurance?
16 December 2024 | 1 reply
It will protect you for cheaper without the additional complexity.