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4 January 2025 | 0 replies
Personally, I’ve been looking for ways to align creativity with the numbers, whether that’s finding undervalued properties, building relationships with local agents, or pivoting to new strategies.
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28 December 2024 | 1 reply
Once that's covered, you can go all-in on those fabulous renovations.Effective marketing plays a pivotal role in attracting tenants and increasing property appeal.
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15 January 2025 | 29 replies
I see a conflict of interest in your role as fund manager and principal in the “operating” company.
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10 January 2025 | 9 replies
In addition to my role there, we’ve partnered together to launch a real estate venture that we’re both really excited about.We’re at a bit of an impasse as we map out our first deals and could use some advice.
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14 January 2025 | 11 replies
Hey @Robert Ok BiggerPockets has played a valuable role in my own real estate journey over the past 8 years.
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23 February 2025 | 33 replies
In theory the mentor/coach should serve in an advisory role and be able to point their clients towards investments and strategies that are most appropriate based on their financial means and skillsets, be available to help navigate their clients through issues that arise (and hopefully identify and help avoid issues before they even arise).
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23 January 2025 | 23 replies
The LLC would own the property, and your 50/50 split can be outlined in a detailed operating agreement covering roles, responsibilities, and profit-sharing.Since lenders often require personal guarantees for LLC loans, clarify that your partner will be the sole guarantor.
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18 January 2025 | 19 replies
The specific assistance organization, the screening of the tenant, the property, and the PM company that should be communicating with the tenant all play a role in the success of your investment in regards to tenants.
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19 January 2025 | 18 replies
Also class of tenant plays a role.
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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.