Jonathan Greene
The Most Important Parts of the House to See as an Out-of-State Investor
13 November 2024 | 4 replies
You are looking for issues with the foundation and any other exterior anomalies like giant trees that could be in the sewer line or pressing against the foundation of the house, evidence of buried tanks, where the septic and leach field is, etc.There are plenty more things to focus on as well, but these four are often neglected by newer out-of-state investors relying on an agent or friend as their boots.What else did I miss?
James Heller
Renovating my townhouse in San Diego
16 November 2024 | 9 replies
The next slab foundation I have that needs new flooring I plan on doing concrete staining.
Dave Estochen
HELOC on a Rental Property - Pros & Cons
23 November 2024 | 7 replies
If you have a strong foundation with capital aside it's easier to stomach.
Karan Singh
Investing in real estate at young age
15 November 2024 | 14 replies
@Karan SinghTo build a solid real estate foundation, prioritize wise time management, early pre-approval, early credit building, real estate partnerships, income diversification, networking, and learning from books and podcasts.
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
22 November 2024 | 0 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.
Stacy Buzon
Over-analyzer, Type-A, Newbie!
14 November 2024 | 5 replies
It's a great starter book for the financial foundations of real estate investing: https://store.biggerpockets.com/products/set-for-life-revise...I would also recommend Small and Mighty by Chad Carson: https://store.biggerpockets.com/products/small-and-mighty-re...Real Estate Rookie: https://store.biggerpockets.com/products/real-estate-rookieHouse Hacking: https://store.biggerpockets.com/products/the-house-hacking-s...
Chris Lane
Building My Foundation
21 October 2024 | 4 replies
Starting later in life is no problem—real estate is a long game, and the key is building the right foundation.
Jorge Abreu
💰 The Power of Long-Term Thinking & Creating Generational Wealth
26 November 2024 | 2 replies
By holding onto those properties, you'll be savoring the sweet taste of appreciation and cash flow, laying the foundations of a solid empire for generations to come.A long-term mindset is key to building lasting wealth in real estate.
Craig Daniels
Use rental cash flow to pay down 6.375% mortgage?
19 November 2024 | 2 replies
Leveraging debt is our foundation as investors, but paying it down when we can will always open up more opportunities to get creative with out money later on.
Alec Raven
Property Management Education/Certificates/Books Recommendations:
14 November 2024 | 4 replies
In my experience, NARPM designations provide a solid foundation and are a great starting point, though they are more basic.