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28 September 2024 | 6 replies
Hi @Tanner KimuraAs you begin to try and invest in different zip codes and areas I would recommend using this website:https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below FSECONDLY One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.
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25 September 2024 | 6 replies
Hi Bob,If the LLC is a single-owner LLC, is it still crucial to have an attorney create the operating agreement versus a service like LegalZoom?
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25 September 2024 | 6 replies
It could give you insights into how the deal is looking versus what is being reported to you (hopefully this aligns pretty closely).
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25 September 2024 | 1 reply
This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.
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26 September 2024 | 5 replies
If you start now before you go in two years, will learn how to manage it and have a system set up for when you go.
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26 September 2024 | 1 reply
It takes time to develop the systems and processes needed for consistent results.
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26 September 2024 | 11 replies
If this is only one of a small amount of properties, invest in a dryer exhaust vent cleaning system off of Amazon.
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26 September 2024 | 11 replies
You are relinquishing a lot of power, and when you are constrained by time, like a lot of the bridge debt out there, you're taking on additional risk.That being said, if you have a terrific opportunity and can execute, you need to weigh the cons versus funding your deal
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26 September 2024 | 10 replies
It all comes down to systems and you absolutely can do both RE and be a technician.
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27 September 2024 | 15 replies
But one of the best resources I've found is just reading, and listening to, as many books on the subject as I could find to really help deepen my knowledge and expertise.I actually just started listing to audio books over the last year or so and found a great app called Libby, that you can download for free through the Cleveland Public Library system and there's tons of great audiobooks on real estate and investing that I listen to when I'm driving and has helped me a lot!