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17 October 2024 | 8 replies
As an investor first and a DSCR broker second, I'm always available for strategy sessions to increase profits.
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17 October 2024 | 7 replies
Being in NJ, market is super competitive, so need to figure out how I can maximize the profit.
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18 October 2024 | 8 replies
If the business is showing a profit or loss, then that income will be adding or subtracted from the entire income.
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21 October 2024 | 176 replies
Builders are not charitable organizations to deliver below market cost houses).
17 October 2024 | 6 replies
Philadelphia can be a very profitable market but it’s also a city that can eat investors alive who rely on bad advice.
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16 October 2024 | 0 replies
I put a little bit of work into it and made a decent profit.
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9 October 2024 | 2 replies
Hi All,I was hoping to get some perspective on how you have organized your businesses finances primarily when it comes to running a fix & flip business.Generally I'm wondering what account types I should have, and what their purpose should be.
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17 October 2024 | 20 replies
Challenge is, finding a PMC that meets your expectations and is organized well enough to consistently deliver.Read on for our copy & paste advice about screening PMCs:-----------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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14 October 2024 | 2 replies
Since 2020 we've been selling these units to individuals and organizations that may buy from 1 to 5-6 units each, but currently trying to expand our business.Given the interest rates for financing these types of structures and how much landlords are charging (for both short-term and long-term rentals), I found that the net income is way higher than the average mortgage payment, so basically it's free money.I've been thinking it'd be a good idea to partner up with a real estate developer to develop a mobile park.
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18 October 2024 | 25 replies
Thats a huge swing in expenses.I think you have to run the numbers and work backwards and then find a gross profit that you're comfortable with.