William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
Joseph Fenner
How do I buy 10 rental properties in 1 year?
30 October 2024 | 94 replies
It's an audacious goal, but if it leads to getting the first deal done, then I will try to encourage.
Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
29 October 2024 | 12 replies
Many reasons: to encourage/discourage certain economic behavior, to appease a certain industry lobby or some fellow lawmakers or even sometimes a private individual, to buy votes, to balance economic effects of a new law, as well as simply out of incompetence of our lawmakers.
Edgar Perez
Buying a halfway house / sober living house
30 October 2024 | 28 replies
You will probably be handling more tenant disputes, talk the tenants through gaining their footing in the world again with money, bill paying, interacting with the general population, etc.
Rita Samaddar
Review of Open Spaces Women Portfolio Program - 3 mnth Cohort Prg
27 October 2024 | 25 replies
They encourage accountability groups and that has been positively impactful as well.
Kieran Collings
New To the Industry.....LETS GO
24 October 2024 | 1 reply
Continue to interact and share with the forums your progress/questions, look forward to seeing your continued success!
Jamie Stone
Seeking feedback from anyone on BiggerPockets who is in this program.
22 October 2024 | 15 replies
There were ppl taking the course worth with me, but it was not interactive (which worked for me.)
Matthew Christofferson
New Member Intro. Where do I start?
25 October 2024 | 8 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
Jesse LeBlanc
FRAUDSTER ALERT... watch out for Justin Nguyen in Florida. BE CAREFUL LENDERS!!
25 October 2024 | 66 replies
I just sent you a message and would love to discuss the details of your interactions with this user.
Ian Bower
Help me understand my marketplace... are these deals?
26 October 2024 | 6 replies
That was the encouragement I needed.