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29 January 2025 | 31 replies
They will quickly send you an amended version of the contract with this 2% added on, and ask you to sign it and send it back.
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17 January 2025 | 3 replies
We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!
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13 January 2025 | 10 replies
I manage a small rental portfolio that I am slowly adding to, and also have a few flips going at all times.
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14 January 2025 | 8 replies
From a scaling standpoint, for at least whoever is doing the books, Buildium is far behind in this and is adding time and/or cost for these added tasks that need to be done.
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21 January 2025 | 14 replies
Purchasing subject to allows you to (1) buy a property and pay a lower rate (3-4%) that was in existence when the loan was originated, so cash flow will be better as well as equity buildup; (2) not have to qualify for the mortgage saving time, expense, and allowing property purchases in greater number than otherwise and (3) no personal liability on downside (4) no debt added to your PFS.
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1 February 2025 | 56 replies
Quote from @Scott Trench: Wait... the guy who buys all the ads (through Google) on BiggerPockets YouTube videos and attempts to reach BP viewers says that Tax Liens are the best way to build wealth, asking me repeatedly and agressively why I'm not doing it?
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22 January 2025 | 20 replies
If you're looking to do value-added deals out of state, you're decreasing the chances of having a successful experience.
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18 January 2025 | 8 replies
This long vacancy period can result in significant loss of income and added holding costs.
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22 January 2025 | 21 replies
This option is ideal for penalty-free investment but comes with added complexity and strict IRS rules.Alternatively, a 60-Day Rollover allows you to withdraw funds and redeposit them into an IRA within 60 days to avoid penalties, though it carries the risk of missing the deadline.
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25 January 2025 | 25 replies
It is cheap real estate but adding maybe 5 properties there would saturate the market, and that is exactly what happened.Regarding the discussion about cashflow v appreciation I think you can still have both.