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15 October 2024 | 10 replies
Since I'm an agent I do have access to non-owner occupied properties so my challenge lies in determining cost-effective marketing strategies.
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19 October 2024 | 30 replies
if something is just sitting on the MLS looking too good to be true... then it's too good to be true.these properties are going to have higher costs overall, be in more challenging neighborhoods, have very gnarly deferred maintenance and capex, potentially have liens, be high turnover, and require expert, highly knowledgeable, localized support to be successful. see for example this thread.https://www.biggerpockets.com/forums/48/topics/1137397-balti...and even at those price points, i think cash flow is fairly low to non-existent if rehabbed to a high grade, especially with DSCR debt.
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15 October 2024 | 1 reply
Challenges?
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20 October 2024 | 84 replies
There are people on this forum that have over 50K in debt per month which I know sound daunting, but they don't care because their income from their properties is $100k per month.
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16 October 2024 | 2 replies
It is a very challenging area with little development, very little redevelopment, and few food, business, or transportation options nearby.
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17 October 2024 | 4 replies
While this option is the most accurate land valuation approach and least likely to be challenged by the IRS, it is also the most costly and can require several weeks to complete the process.Limited-scope land appraisal: A limited-scope land appraisal can be completed by a real estate professional who provides an analysis of sales comparisons or other limited metrics.
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15 October 2024 | 0 replies
Challenges?
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15 October 2024 | 6 replies
You will just be trading one set of tenant challenges for another.
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16 October 2024 | 5 replies
Connecting with contractors, property managers, and other investors has been invaluable in helping me learn from their experiences and navigate challenges more effectively.
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17 October 2024 | 21 replies
I mean the challenge is in complying with them with an unusual structure.