Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Ideally you would want to transfer the funds you expect to use for the purchase to your new entity for your records to create the separation from personal to business.
Jasper Zimmerman
Property management Anderson, IN
21 January 2025 | 6 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Sung Yu
1031 fourplex into a single family
23 January 2025 | 5 replies
As expected, consulting with your CPA and the qualified intermediary (QI) handling the exchange is best advised.
Amol Kulkarni
Amol Kulkarni - I need a PM
5 January 2025 | 4 replies
@Amol KulkarniRecommend 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.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
@Rafael Valdor some advice when 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.
Joe Gellenbeck
New to Investing - Excited to Get Started!
21 January 2025 | 18 replies
Just like any market, it has its quirks on what to look out for and what to expect.
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
Is this expected since interest rates are high and listing prices are subsequently dropping?
Donald DiBuono
Best Mailer Companies
9 January 2025 | 5 replies
There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.
John Williams
Private Money Lending Gone Bad
16 January 2025 | 15 replies
DOM is creeping up, properties are sitting, and appraisals are not coming in where the borrower expected.