Elyse Martinez
Hello everyone @ BiggerPockets
4 May 2024 | 8 replies
@Elyse MartinezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Austin Tam
Calling All ABC Capital Investors: Updates on Investments
6 May 2024 | 23 replies
Our experience is not very different from that of many that we have read in BP, in our case ABC sold me and my wife, two properties in Baltimore, as we live in LATAM and we are foreign investors, the negotiation was made by ABC Capital Miami.In the case of my property, ABC offered "rental guarantee for one year" (February 21, 2020-2021), ABC collected 11 months of rent paid by the tenant and corresponding to the months of March to November 2020, March and April 2021 and DID NOT PAY ANYTHING.In the case of my wife's property, ABC says that it was abandoned by the tenant, it is not known for sure when and they notified us 5 or 6 months later.
Lamar Athill
Best advice for first rental property
4 May 2024 | 18 replies
@Lamar AthillRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Robert Stephenson
Newbie REI investor
3 May 2024 | 7 replies
Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Mohammad Al-hadad
First property, competitive market, any ideas?
3 May 2024 | 9 replies
Class B typically cashflows from purchase or within a year or so.Class C typically cashflow well from purchase, but has tenant performance challenges.Read copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Joel Jackson
Just getting started with real estate investing.
3 May 2024 | 5 replies
---Our standard copy & paste about this is below, hope you find it useful:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Yanely Peguero
Rental property investor
29 April 2024 | 12 replies
@Yanely PegueroRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
John Thomas
Beginner looking for coaching/guidance/mentorship
30 April 2024 | 43 replies
@John ThomasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Troy W. Hudson
New to REI at age 60
29 April 2024 | 10 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?
Doug Jones
Wholesaling got too popular.
28 April 2024 | 14 replies
I am just decently known in my space so people just click on my links.So $3K/month... corresponds to 15 HOUSES.If each house would cost you $400K, that would be a $6M investment, just to get $3K passive income?!