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28 January 2025 | 29 replies
Is your Realtor an experienced STR host (more than likely, no).
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7 January 2025 | 7 replies
Investors want a person that they consider a good "business partner", but most of the wholesalers I see come of as borderline crimnals.
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30 January 2025 | 4 replies
I personally would fix the 3 windows and maybe consider cutting the rent a little more to gather more interest.
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15 January 2025 | 8 replies
Syracuse is definitely experiencing a lot of hype at the moment because of Micron, and we're seeing lots of renovated options on the market in areas that likely won't benefit from the new campus.
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24 January 2025 | 11 replies
Unless you revise your plan and ensure that your personal use is under 10% of the rental use.
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8 February 2025 | 4 replies
Go to local REAI groups and other in person events.
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13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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10 February 2025 | 2 replies
Hey BP,Looking for some great websites to use to gather information on different markets, especially OOS investing...One of my personal favorites is "City-data.com", which was also suggested to me by a fellow BP investor!
8 February 2025 | 7 replies
Someone to stock supplies, an appliance repair person, heating/air conditioning repair, plumber, lawn care person, carpenter, salesman, and occasionally an electrician.
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6 February 2025 | 1 reply
Office space is gutsy at this time with many companies working remotely, maybe part of your investment was to bet that people will be coming back to work in person.