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16 January 2025 | 3 replies
.## Additional Resources- Check out the BiggerPockets podcasts and webinars for more insights on these strategies.- Read books like "What Every Real Estate Investor Needs to Know About Cash Flow" by Frank Gallinelli to deepen your understanding of real estate investing.- Use local real estate agents who are familiar with investment properties to help you find the right deals.You're taking the right steps by seeking knowledge and networking.
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25 January 2025 | 18 replies
.- Logically, there really is no additional security provided with both keyed doorknob & deadbolt, but a deadbolt is more secure than a keyed doorknob.- Since you need a key to lock a deadbolt when you leave the premises, tenant's can't lock their key(s) in the home and then pester us to come let them back in.--- Tenants can still lose their keys outside their home:(
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30 January 2025 | 21 replies
Not a big fan of LTR furnished units, the additional wear and tear isnt worth it in my market and of course smoke smell can be hard to get out.
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26 January 2025 | 3 replies
Metro area.George Mason is similarly developing 345,000 square feet for a new building called the Fuse at Mason Square at its Arlington Campus, which will be fully open in August of 2025 and will house 1,000 more new students in the technology field and 300 additional faculty, continuing to bring more highly skilled talent to the technology sector in the area (Source)The Virginia Tech campus was part of a deal made between the state of Virginia and Amazon, who agreed to add a 2nd Headquarters just up the road from the campus and to use the campus to attract high-quality talent to Amazon.
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22 January 2025 | 14 replies
You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.
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22 January 2025 | 8 replies
Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.
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7 February 2025 | 16 replies
Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.
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12 January 2025 | 28 replies
If your hold period is short, it may not make sense to take bonus depreciation.BENEFIT - Clearly additional depreciation is the benefit, but only if you can use it.
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10 January 2025 | 2 replies
It also allows you to search 400 property and property owner consumer fields, in addition to being a driving for dollars tool.
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24 January 2025 | 36 replies
My best understanding from talking to reps is they have one local employee (in addition to vendors like cleaners, landscapers...) per 10 listings/properties.