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Results (10,000+)
Grant Stepanic 10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 
AJ Wong How and where investors can find a seller carried creative financing transaction
18 July 2024 | 1 reply
Not so much in actual terms of the deal (although that can be intricate also) but for the effects on the seller and/or their portfolio.
Mak K. Title company screwed up taxes and county back charging taxes for 4-5 years
19 July 2024 | 17 replies
If that's the case, while I agree you should submit the claim to your title insurer and not the agent who issued the policy, I suspect the claim may denied as a matter occurring after the date of policy and therefore excluded from coverage.I handled a similar title claim and found courts had found that a tax lien as a result of a reassessment of the property became effective when assessed and was not retroactive. 
Michael Plaks 0% owner financing and IRS imputed interest
19 July 2024 | 12 replies
I have used zero % very effectively over the years.WE started using it back in the early 80s the last time interest rates went nuts.
Courtney McCall If you could start a property management co. from scratch…
19 July 2024 | 12 replies
I pay attention to our competence, responsiveness, effectiveness, and other internal metrics. 
Don Konipol A Creative Technique I learned from John Beck
18 July 2024 | 4 replies
The effect was that he had near 100% financing, and a property worth $450,000 at a cost of $381k.  
Evan G. Soon-to-be collage graduate considering Indianapolis
18 July 2024 | 6 replies
. - All the gains in real estate come from network effect & relationships.
Jameson Sullivan I am a Retail Broker - Here's some basics you should know before investing in retail.
19 July 2024 | 6 replies
In the second example, the higher cap rate has effectively priced in the expense of re-tenanting the building within 2 to 3 years so the 10% cap going in results in a 6% or 7% cap rate after accounting for all of the expenses to re-tenant the building only a few years after purchasing.For an experienced investor or developer, seeking out underperforming assets as detailed above is their very business model.
Taylor Robertson How to finance 2nd oroperty
18 July 2024 | 7 replies
The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.
Phil Eck On the go health/nutrition for the busy investor/businessman/woman
19 July 2024 | 36 replies
Most people do not practice enough (few times a week only) to be that effective at it.