Don Konipol
A Tax Lien Warning Story
21 January 2025 | 6 replies
A less then full investigation may result in one thinking that the house and or the house and tennis court lots were what was being sold.As I later found out, a newbie tax lien investor thought they were getting a great bargain by outbidding other misinformed investors and paying the back taxes, legal fees, and an additional $34,000 (overage) which the county forwarded to me.
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
But if the permit takes a while (like the full 3 months), you’d have time to decorate the place exactly how you want.As for the bookings, if the permit gets approved fast, you could take over the current ones for instant income.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
So I contacted the tax collectors office and was told there was a legal loophole and that since the building had been owned by a non-profit for part of the year it would receive tax exempt status for the full year.
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
A lady who works for my lender had a buyer walk the property before it was complete and made a full list offer.The payoff at closing will completely wipe out all of my debt that I’ve been holding for 16 months ($50k) and get me back to $0.
Nicholas Dillon
Vetting a Syndicate
30 December 2024 | 7 replies
Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
We have had full occupancy for only 3 out of 20 months of ownership.
Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
A partial renovation turned into a full-scale project, doubling my $10,000 budget to $20,000.
Richard J. Kalnitz
Not really a new member but still a rookie having good luck with cheep old houses
28 December 2024 | 2 replies
My favorite was a hoarder house full of trash that took me six months to turn around, but it turned into a killer deal that earned me a 600% return.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
So you'll be able to pull lists from our List Builder presets, have access to a full CRM, and be able to market from Invelo marketing preset campaigns.Since you are a BP Pro Member, you get $50 in your wallet when sign up for Invelo, regardless of the plan you're on.If you would like to access the paid features, BP Pro members also get 15% off of the Individual or Professional plans.
Alan Asriants
Taking on a major construction project in 2025 - What are some common hurdles?
30 December 2024 | 10 replies
Full mud set pan and custom tile to the ceiling upgraded glass and shower heads Rain shower if market will absorb. it.