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5 December 2024 | 5 replies
I'd be happy to share some great local meet ups and also open to connecting.
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7 December 2024 | 11 replies
The best advice I can give you when it comes to operating the business is that you need to be local for your first one or few.
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3 December 2024 | 7 replies
I’ve been working with my local credit union for the past few years, so I’ll head there.
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2 December 2024 | 14 replies
Quote from @Roger Garner: I would talk to people at local real estate meetups, call realtors that do a lot of business, and local property management companies are a good place to get these people from too.Red flags: 1.
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4 December 2024 | 4 replies
Our local real estate agent stated that the forest service is not obligated to extend the lease which would require moving the cabin.
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4 December 2024 | 6 replies
Look into factors like vacancy rates, local job growth, and tenant demand to pinpoint promising markets.Once you find a property, work on running the numbers carefully—factor in purchase price, rehab costs (if applicable), property management fees, and reserves.
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3 December 2024 | 2 replies
I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).
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6 December 2024 | 9 replies
Listing it “as is” with a $25k rehab concession can attract these buyers.Consider these options:List on investor-focused platforms like Roofstock or BiggerPockets or Facebook Marketplaces, where you’ll find buyers who appreciate tenant-occupied properties.Network with local investors or REI groups in your area to find someone looking for a turnkey rental with upside potential.Hire a real estate agent experienced in selling tenant-occupied properties, but adjust your pricing to cover commissions if needed.Make sure to highlight the stable tenants and ADU potential—those could be big selling points!
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4 December 2024 | 15 replies
From my experience, to succeed in multifamily investing, focus on networking through local meetups, online forums, and professional connections, leveraging your CPA skills to analyze deals and optimize deductions.