
29 July 2024 | 37 replies
I have also never seen an RE syndication offering without an appreciation play.while mostly my purchases (all but 1) have had some cash flow, my last one was negative cash flow using 50% rule (which was fairly accurate to my detailed underwriting) and goes positive this year but in 2.5 years I have value ~$500k above costs.

31 July 2024 | 53 replies
My approach is probably fairly unique in that if the homeowner wants to keep the house and would traditionally not be able to, I point them in the direction of their equitable remedies and have had success helping folks keep their house and work out a sweet deal with the finance company to boot; I've retained a minority equity stake in the properties as a result.In the case where it's a non-owner occupied property and the investor no longer wants the headache, I negotiate either an acquisition in trust of the LLC/Corporation that is holding the deed, or have the deed quit claimed to me individually.

27 July 2024 | 7 replies
You also have to actively pursue the leads on FF - it's fairly rare that they come to you directly.

26 July 2024 | 9 replies
So far I've only communicated via text or face-to-face that they are violating their lease, but they are still doing so and just trying to hide the smell.

28 July 2024 | 14 replies
I've run the numbers on homes in our price range within a 3hr drive radius of our zip and they just don't make sense as rental units.I'm fluent in Spanish so other than the financing problem maintaining a rental in Costa Rica vs another market in the USA that requires a flight is fairly comparable from my perspective.Its funny because buying a sub 70k house anywhere in the US would be so easy for us.

26 July 2024 | 1 reply
I assumed compliance never communicated with the sales rep. and saw the large transaction amount done wrong the first time, and decided to block me EVEN though it was done exactly how they requested the second time.

29 July 2024 | 3 replies
So that is one reason why you want someone on your side making sure your purchase agreement is fair both directions, and not exploitive against you.As to terms - think about your duplex as being fully rented out (even though you will initially live in it).

25 July 2024 | 2 replies
When that happens, very clear and direct communication is required.

27 July 2024 | 4 replies
I’m basically new to bigger pockets, and also fairly new to real estate.
27 July 2024 | 2 replies
This will help in determining the fair market value of each asset and facilitate an equitable division.Buyout Agreement: One party could buy out the other’s interest in the LLC and the properties.