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4 January 2025 | 0 replies
Compliance items such as adding smoke detectors, hand rails, fire resistant garage entry-door and new stairs outside.
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1 January 2025 | 2 replies
What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?
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24 January 2025 | 36 replies
I also don’t like out of state investing especially for the first because part of what you are doing especially with the first is learning—it’s a easier to be responsive in your backyard.What I like about this plan is it is a good entry into residential real estate.
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4 January 2025 | 4 replies
I understand I cannot legally require them to respond, unless the notice specifically requires it, like for instance, a notice of entry, but it's making it difficult to manage the property, and I'm not sure how to proceed.
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5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
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22 January 2025 | 203 replies
These areas can offer great opportunities for investors, often providing better cash flow and lower entry prices compared to LA itself.
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1 February 2025 | 56 replies
The allure of fat cash flow (at least on paper) and the low barrier of entry (down payment) never stop attracting new investors.
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5 January 2025 | 18 replies
Value add is the entry point of any property.
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7 January 2025 | 8 replies
Making matters worse, 99.9% of individuals on BiggerPockets who want to buy in distant markets do so because the entry cost of doing business is lower.
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1 January 2025 | 12 replies
What entry point do you usually do business in?