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4 December 2024 | 6 replies
It's good to plan ahead but I'd focus on that first property, get it stabilized, learn the rental business, then move onto the next property once you've got your feet under you.
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1 December 2024 | 15 replies
You can certainly ask the agent who helped you purchase the property for advice too ;)Since you are using a PM to run things, I don't see any need to meet anyone except your PM and the contractor/handyman you plan on using for repairs/updates.
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3 December 2024 | 1 reply
Before you sell figure out what type of Real Estate you want to go into so you can have a plan and not be tempted to sue the funds.
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1 December 2024 | 93 replies
-Does the business plan make sense and is it explained in plain English?
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4 December 2024 | 8 replies
It has been somewhat stressful coordinating activities and coming up with the best plan, but I went ahead and contracted with a PA.
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16 December 2024 | 43 replies
I was planning on reaching out to them but that’s a good pointer to take into account.
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3 December 2024 | 3 replies
They also offer a small business plan if you need additional functionality for rentals.
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5 December 2024 | 17 replies
Acquire single family flip properties that can be held as rentals as an exit plan. (1 within the next 2 years)5.
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3 December 2024 | 5 replies
I think there are two maybe 3 ways to look at this in my mind. 1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area?
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2 December 2024 | 5 replies
I plan on buying a condo that I will later rent out.