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12 February 2025 | 7 replies
I would strongly recommend you have an exit strategy or multiple exit strategies in your partnership agreements.
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14 January 2025 | 2 replies
We share best management practices, systems & tools, and our networks.
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6 February 2025 | 3 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers. Â
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12 February 2025 | 3 replies
@John Paul Palace their bggest challenge is finding competent PMCs to recommend to their clients.That's what most of the negative feedback here on BP is about them - which is UNFAIR as they're selling a rental property, NOT PMC services.Recommend you do your own due diligence on PMCs before just going with their recommendation.
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2 February 2025 | 6 replies
If anyone has recommendations for what they've been using and like, we would appreciate it greatly as well as any tips you may have for us!
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9 January 2025 | 15 replies
Seems like a good idea in theory maybe not in practice.Â
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5 February 2025 | 14 replies
IÂ would recommend opening up a brokerage account with Schwab, Fidelity, Vanguard or any other large firm like this.Â
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29 January 2025 | 3 replies
You input and recommendations are greatly appreciated.Â
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.