![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2999372/small_1713387967-avatar-cesarg104.jpg?twic=v1/output=image&v=2)
1 August 2024 | 19 replies
To get your feet wet, get a PM. once you learn the ropes, you can manage one out of state property on your own.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2978185/small_1711054741-avatar-sheldona14.jpg?twic=v1/output=image&v=2)
30 July 2024 | 6 replies
Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3087900/small_1722276278-avatar-danielt560.jpg?twic=v1/output=image&v=2)
30 July 2024 | 2 replies
In my previous role, I encountered numerous instances of real estate fraud, which opened my eyes to the importance of legitimacy and trust in this industry.After months of studying the markets and educating ourselves on the BRRRR method, we are thrilled to have potentially found our first deal, along with other promising prospects.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2956255/small_1723494096-avatar-mannys58.jpg?twic=v1/output=image&v=2)
31 July 2024 | 3 replies
Search the BP for ADU appraisals to encounter numerous examples.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3080939/small_1721600698-avatar-rahulp62.jpg?twic=v1/output=image&v=2)
1 August 2024 | 23 replies
I have agents I’ve closed 5+ deals with and now they go out and hustle listings just to bring them to my group caus they know we’re real buyers.You’re nothing to an agent/wholesaler/contractor until you closed a deal or two with them and they’ve wet their beak and now look at you as a possible golden goose
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1331471/small_1722487143-avatar-demiss.jpg?twic=v1/output=image&v=2)
1 August 2024 | 7 replies
This resulted in people bringing me deals in the market, helping numerous other buyers invest in the area, and grow an extensive rolodex of team members.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3087230/small_1722203272-avatar-travish311.jpg?twic=v1/output=image&v=2)
30 July 2024 | 8 replies
Again, I am new to all of this but very dedicated to learn/be mentored to get my feet wet and build a portfolio over time.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2578730/small_1667339384-avatar-nicholasr335.jpg?twic=v1/output=image&v=2)
30 July 2024 | 18 replies
Contact numerous lenders, prepare financial paperwork, and acquire a mortgage pre-approval letter.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/519956/small_1709058774-avatar-abelc2.jpg?twic=v1/output=image&v=2)
30 July 2024 | 1 reply
Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/734170/small_1686576803-avatar-suev4.jpg?twic=v1/output=image&v=2)
30 July 2024 | 37 replies
I’ve sent numerous emails with proof of things to her and her team requesting all my funds.