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Results (10,000+)
Nida Kazmi Mid South Turnkey Homes. Should I invest with this Memphis turnkey?
2 October 2024 | 31 replies
Hi Nida,I'm a bit late to the party but better late than never I guess lolIn the search bar here on Bigger Pockets or even a Google research will reveal a lot of info about certain companies.I'd always like to joke around and say that "Google is your best friend" when looking to work with someone new lolI'd like to second Jason's comment who has been around the turnkey game for a long time and has probably conducted due diligence on many if not all turnkey providers over the years.Not many have stood the test of time and I'm proud to say that we have.Not intending to plug my company as we have many battle scars that started from day 1.But still here and still battling away 🤓Why we survived and thrived unlike many others was keeping our operation small and boutique and only doing deals on our terms.Low volume sales and thorough investor pre-qualification (As not everyone that has a pulse is necessarily a good fit for what we can provide).Some investors did better than others but one thing I can happily say is that we always did our best for all.I believe a very important component to any "true" turnkey company is that the penny ultimately drops must drop with them.Meaning, if you invest and things don't go the way as planned it is entirely up to them to rectify.No finger pointing or passing on the monkey to someone else (Like a realtor, contractor or PM).A true turnkey company stands behind it's properties, rehabs and in-house property management.Key phrase here is "in-house property management".Everything must be under the same roof and the provider must take all responsibility for the outcome of that investment.Wishing you much success
Austin Snyder Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
Insight on Your Proposed PlanTitle Search and MemorandumTitle Search: Conducting a title search is a good idea regardless of the structure to ensure there are no outstanding liens, claims, or legal issues that could complicate your plans.Memorandum: Filing a memorandum or recording the contract with the county provides some protection by clouding the title and ensuring your equitable interest is recognized.
Jason Xenakis How do you effectively choose a real estate agent: The Real, Real Estate Agents?
3 October 2024 | 46 replies
@Jason Xenakisif you're serious about this, go there in person, meet agents in person, build a network in person, and conduct your property search in person.and if you can't go there in person, don't buy out of state.as @Russell Brazil mentioned, the market is unforgiving right now. 
Adam Hoeker Managing the Finances
27 September 2024 | 15 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
AJ Satcher Operating Real Estate Business Under An Existing LLC for Another Business
24 September 2024 | 2 replies
You can keep the same entity to conduct real estate transactions but it’s important to update to the operation agreement before doing so.
Annie Shie Sheriff Sales online or in person
23 September 2024 | 2 replies
Does anyone have insights on how sheriff sales are conducted in Louisiana?
Shane Bishop Property Management Software
24 September 2024 | 17 replies
Depending on the size of your portfolio, I suggest considering either "PROPERTYWARE" or "INNAGO":Propertyware is ideal for larger portfolios, offering customizable and automated reporting features.Innago has been very effective for me, enabling property marketing, conducting screenings, and managing rent and maintenance requests.
Antonio Harmon How to Develop the Best Strategy for Real Estate Investing?
23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
Hana Mori Is my first DSCR loan experience normal?
27 September 2024 | 40 replies
The appraisal was conducted a couple of weeks before the most recent Fed's rate cut.
Karolina Powell First time interested in a larger multi-family - how do I verify financials?
26 September 2024 | 17 replies
Conduct tenant interviews or verify payment history to confirm rental income.For larger multifamily deals, work with a commercial real estate broker who specializes in multifamily properties.