Joe Gellenbeck
New to Investing - Excited to Get Started!
21 January 2025 | 18 replies
@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Jason Weidmann
Looking to start investing in LTR,
31 January 2025 | 11 replies
Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Also, SAAS platforms are supposed to include support and service (that's the last S), but the quality varies greatly from company to company.
Jonathan A. Castaneda
Fence Replacement Needed in Modesto
4 January 2025 | 1 reply
As a licensed contractor, I can provide insights to make sure you’re getting the best value and quality for your project.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
Stuart Udis
Bigger Pockets Forum Suggestion
2 January 2025 | 2 replies
I don't know how difficult of a task this would be, but suspect it would make for better quality forum content.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
Fund higher quality cosmetic / light rehab for durability and dignity for tenants.
Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
Goes back to that original thesis in a thread long time ago-- quality over quantity.
Ken M.
How To Know If Your Flip Might Be Successful
7 January 2025 | 2 replies
You can go to Redfin or Zillow and see the level of finish houses with short DOM have in the area, can you at least match that quality?
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need, combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.