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16 July 2024 | 11 replies
Hello BP, I have been in this mental loop and hoping for some advice, I am 19 years young and am currently in a partnership on 2 commercial properties located in Buffalo NY.
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17 July 2024 | 4 replies
Our approach for implementation is to break all repairs into 4 categories by priority:1) Health & Safety - most important as could result in tenant lawsuit2) Property Preservation & Government Requirements - don't ignore a roof leak that costs hundreds to fix now, but will costs thousands in the future.
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16 July 2024 | 4 replies
I'm particularly passionate about Chattanooga, TN, Blue Ridge, GA, Charlotte, NC, Winston-Salem, NC and possibly Florida.Outside of real estate, I enjoy photography, marketing, outdoors and health optimization.Excited to learn and connect with you all!
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16 July 2024 | 2 replies
Owners needed to leave due to health reasons, after getting offers way lower than market - I ran numbers and decided to jump on it and give them what they needed.
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17 July 2024 | 20 replies
Do you go to the Dept of Health and review the thousands of pages of rules and regulations so you are absolutely familiar with everything?
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16 July 2024 | 21 replies
Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.
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16 July 2024 | 15 replies
Also, I'd think about the long-term potential for appreciation and the health of the neighborhood.All in all, I think it's great that you're at a position where you can seriously consider investing and wish you the best of luck either way you go!
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15 July 2024 | 65 replies
And I would give serious thought to the replacing him Due to the fact that he seems like a possible litigant, And for his own health.
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16 July 2024 | 13 replies
Get rid of the short term mentality that is the cornerstone of wholesale approaches too.
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14 July 2024 | 1 reply
I am thinking about turning the house into place that can accommodate home health care.