Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
Also be sure your PM is documenting everything if you already started demo and rehab.
Susan Sheraton
Service Link - THE ABSOLUTE WORST
11 January 2025 | 1 reply
It takes them forever to sign documentation and make decisions.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
Eric Helena
1031 exchange with relative
31 December 2024 | 2 replies
@Eric Helena, There is no statutory prohibition against purchasing from a related party to complete a 1031 exchange.
Jennie Berger
Transactional Funding: ins and outs, ups and downs, seeking advice & insight!
8 January 2025 | 13 replies
Are you researching this yourself or asking your borrower to provide documentation to support this?
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?
Bobby Paquette
Turnkey Multifamily with SCDC Investing ?
21 January 2025 | 5 replies
Now you have enough to pique your interest further, but it still gives me the hee-bee-jeebies.Next step is to ask to see the offering documents regarding the syndication.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
My go-to response is always: Do you have a Move-In Inspection to document the home's condition beforehand?
Sean Gammons
How to buy two rentals in one year?
16 January 2025 | 17 replies
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