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8 January 2025 | 11 replies
I am currently employed as a project engineer working for a GC that builds multi-family projects.
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3 January 2025 | 2 replies
You want to buy apartment buildings in the ghetto and turn them into Condos?
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4 January 2025 | 1 reply
I have 8 buildings with possibly 9 lines that I would like to get a package deal on sewer scopes of all the lines.
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6 January 2025 | 4 replies
The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.
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5 January 2025 | 33 replies
@Nicholas Nakamurain order to be successful, you will need to build a network on the ground in Ohio with people you know and trust. buying a random property on the MLS in unknown condition based on other people looking at it, and putting it under management with people you have never met, will not work, and you will lose money.https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...so - what's your plan?
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1 January 2025 | 6 replies
Combine that with America’s housing shortage, and the solution becomes clear:We need to build more homes that align with what buyers can afford.
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5 January 2025 | 5 replies
Would anyone have a template or example of what they made that they could send me to build mine off of?
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6 January 2025 | 25 replies
The tenant was in the building when I bought it (I've owned the building for 2 months) and he claims to have an insurance policy covering them.My insurance company is saying they'll drop my policy on the building if the pitbulls are there even with the tenant's insurance policy.The dogs are very sweet but the tenant lets them run free and they often go into the neighboring property, resulting in 4 malicious animal violations from animal control in the past year.Any thoughts on how I should handle?
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5 January 2025 | 17 replies
Yes we ask towards the top of the market, but I anticipate my holding times (which are in line as the short supply in my area is able to work for me) and build that in.
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19 January 2025 | 56 replies
We’ve worked together for about 2 years now, and he is focused on the operations side of the business.There are many solid sponsors and operators in this asset class, some newer than us, and some older – and quite a bit of new money coming into this space (part of this is where we are in the market cycle, and other asset classes being overpriced like apartment buildings).I’ve personally had several conversations with @Jefferson Lilly (and met him at a conference), and he knows the space well.