Nathan Gesner
What is the hardest part of DIY management?
30 April 2024 | 28 replies
@Nathan Gesner 1) if you’re investing with a spouse make sure both are on board for self management or it will harm the relationship. 2) it’s a business, not a charity, so if you’re susceptible to hard luck stories from applicants/tenants, don’t self manage. 3) water heaters, heat and a/c, plumbing only seems to break down when you’re finally on vacation, so have good contractors in place who will go on your call and let you pay them from out of town.
Summer Dechanukul
I did a mistake by 100% trust the realtor and end up with a nightmare
30 April 2024 | 101 replies
You need to consult with a lawyer, especially if you didn't sign anything acknowledging the property's lack of habitability and the seller's disclosure didn't mention it.
Christina Galdieri
Screening an Army Vet
26 April 2024 | 8 replies
Previous Landlord: Speaking with previous landlords can provide insights into the individuals rental history, payment habits, and overall behavior as a tenant.
Don Konipol
Why I will no longer answer questions from the unknowledgeable
29 April 2024 | 113 replies
I think the issue comes frankly when the advice is bad and/or harmful to the audience which is obviously subjective, but someone going on a podcast and telling you how to do a 1031 well to me is a lot different than telling people how to invest in real estate using “other people’s money” or sub-2, I also think the site needs to consider the broader effect on the public with some of thier strategies, for instance I’m not opposed to people buying “off market” if it’s done ethically and with everyone being on the same page, but you tell a broke 22 year old to buy “off market” and they are going to take advantage of old people, I’m not totally confident biggerpockets even understands its own audience, I used to host a real estate meetup, I had to stop because it was literally meeting after meeting if me taking some 22 year old kid out of doing something either stupid or often borderline illegal, it wasn’t fun after a while, but like that’s the core bp audience at this point more so than people like me & you.Thanks for those kind words all.
Albert Yamoah
So I went to Lifestyles Unlimited here in Dallas...
27 April 2024 | 21 replies
All I can say is that there are memberships that cost tens of thousands of dollars.What I tell people is find a local investor and take them to a nice lunch for 30 bucks and see if it goes well. 30 bucks no harm no foul. 25,000 to a membership not working out possibly is a huge deal for many.
Kai Sato-Franks
Dave Ramsey recommends buying everything with cash!
30 April 2024 | 140 replies
I mean, it's just math.What I do like about Dave is that it forces people (like me) to look critically at their own bad money habits.
Dan Mahoney
How to buy a tax deed at the Fulton County Tax Sale, Atlanta, GA
29 April 2024 | 168 replies
At this point you have to play the hand you were dealt.For what it's worth, the city isn't in the habit of demolishing habitable buildings in good condition.
Mica Moore
Self-manage or use a Property Manager?
27 April 2024 | 21 replies
Personal and Professional Liability - Florida’s premises liability law requires landlords to maintain their rental property and protect their tenants and their guests from harm.
Jim Windgassen
Electric Vehicle Charging - Draft Lease Statement
26 April 2024 | 11 replies
That said, there is probably no harm in reiterating this policy here.I agree that specifying a NEMA rating for the EVSE if it is outside is probably a good idea.
Alison Cromwell
New Investor Looking for Advice
25 April 2024 | 11 replies
@Alison CromwellIn order to obtain a flip loan with no consistent income history, the following steps need to be undertaken: create an impressive credit score, put aside more funds as a down payment, check out new methods of getting funding besides what is available from banks or other financial institutions, involve yourself in investments with toughened entrepreneurs, show how financially sound you are by doing things such as getting enough money into savings over time through frugal living habits or accumulating valuable assets that can be readily converted into cash when required among others like developing several stable sources of income or steadily growing one.