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23 January 2025 | 0 replies
My plan is to add 2 - 6 shipping container type of small houses and an above ground pool at some point to make at least a section of the property short/mid term rentals.
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25 January 2025 | 7 replies
Yes we definitely encourage everyone to STICK TO THE PLAN when renovating!
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24 January 2025 | 5 replies
I think with it being newer accounts/investors they don't think of the specifics needed.
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3 February 2025 | 4 replies
We’re planning to rent out our fully furnished 3-bedroom, 2-bathroom home in Phoenix-Metro area from March 1st to August 31st in the future.
28 January 2025 | 7 replies
If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking 5.
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5 January 2025 | 8 replies
You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.
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5 February 2025 | 3 replies
We plan on starting renovations on the unit in X (I would say a date but in reality have a 2-3 month buffer), and based on this we are no longer going to be renting the unit out.
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31 January 2025 | 1 reply
However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.
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6 January 2025 | 2 replies
By tackling them early on, you minimize the risk of missing critical dates.In my experience, closing a deal within a specific timeframe requires meticulous planning.
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12 January 2025 | 25 replies
Can you please provide a specific example - there is no rule against this, and you are certainly allowed to.