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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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10 July 2024 | 3 replies
When searching for house plan websites geared toward investors or spec homes, it can indeed be challenging to find platforms specifically tailored to these needs.
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10 July 2024 | 8 replies
Are there a platforms out there for a private landlord to manage their properties.
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10 July 2024 | 6 replies
Hi Mike,BiggerPockets, Meetup.com and Eventbrite are great platforms to search local meetups.
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11 July 2024 | 17 replies
If you are looking for someone to teach you syndication, a common thread is to start a thought leadership platform: podcast, post on LinkedIn, post on BP, create YouTube content.I would say, if you have almost no understanding of what Cap rates are, the basics of underwriting and excel modeling, how to find brokers, etc a mentor can help accelerate your learning.
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10 July 2024 | 17 replies
I am trying to get my str accounting streamlined and they seem to have a robust platform but my experience with 3rd-party remote accounting firms was shaky in the past.
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9 July 2024 | 1 reply
(I do not know if she has a legit letter or not) Regardless, I understand FHA I can't deny her application based soley on the ESA, but if the one of the current tenant have allergy issue, can I deny then?
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11 July 2024 | 24 replies
Properties close to the beach, dining, and entertainment will perform better on platforms like Airbnb.
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9 July 2024 | 2 replies
They also have listings and guides to help you get started.Furnished Finder: A popular platform specifically for finding housing for traveling nurses and other medical professionals.
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8 July 2024 | 14 replies
I am currently using Avail which I found to be a very intuitive light weight platform to get started.