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4 October 2024 | 4 replies
@Oli HarpsTo manage your Oakland 4-plex effectively, stay informed about the local market, build local connections, conduct thorough tenant screening, consider value-add opportunities, decide whether to self-manage or hire a property management company, network with local investors, plan for growth through scaling your portfolio, explore financing options, and stay informed about the local market through online communities and resources.
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1 October 2024 | 8 replies
Traditional banks , online lenders or?
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4 October 2024 | 13 replies
I know they are duplexes everywhere, and I know ultimately depends on your choice of city.
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3 October 2024 | 14 replies
I'd love to get one in Southern California, but I have learned that that might not be a good choice with the high cost of properties in Cali.
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4 October 2024 | 5 replies
Check the in person events and meetups in your local area, our online community is full of knowledge and folks willing to share and still nothing replaces the opportunity to interact IRL, you never know who you will meet and where that can take you on your REI journey.
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3 October 2024 | 2 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
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4 October 2024 | 9 replies
Hi Erin, I work for a property management company in Milwaukee, Wi, and here are some thoughts to consider: Vacation rentals- Pros: Higher Income Potential due to tourists, Flexibility, Shorter Tenant CommitmentCons: Inconsistent Income depending on demand and time of year, More Management Required, Wear and Tear because of constant turnoverLong-term rentals- Pros: Stable Income, Lower Management Effort, Predictable Expenses, Less Wear and TearCons: Long-term commitment (this can be pro or con depending on the tenant), Market Dependence The choice between vacation rentals and long-term rentals largely depends on your financial goals, management capacity, and the property’s location.
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3 October 2024 | 2 replies
Network: Local meetups or online groups (like BiggerPockets)Check out financing options: traditional, creative, or raise capital.Look at properties in your area to understand the market.Let's connect!
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2 October 2024 | 3 replies
Given my tech and data background, I'm considering developing an online app specifically for Canadian investors.I'm envisioning an interactive dashboard that integrates economic data, sales figures, bylaws, and rental information, complete with prediction models.
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3 October 2024 | 8 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.