Max Martynenko
Glad to Join the BiggerPockets Community!
18 January 2025 | 8 replies
You should look to link up with investors in those areas and get some feedback on the good, bad, and ugly.
Eli Fazzo
Real estate investing in South Carolina: Worth it at 6% property tax?
4 February 2025 | 38 replies
Lexington is bad too, but not nearly as bad as Richland County.
Lorraine Hadden
First Time Homebuyer (FHA) vs. Conventional Purchase Option
13 January 2025 | 2 replies
FHA gets a bad rap because sellers and many agents think it's only for people who don't have the money so if I had 20 percent, but wanted to use FHA, I would present a proof of funds with my offer showing I have more money, but am using the FHA as a financial option so I can get an investment property as well somewhere else.
AJ Wong
Ten Real Estate and Economic impacts of the LA Wildfires
16 January 2025 | 4 replies
Limited labor and resources : Unlike the catastrophic fires in Lahaina Hawaii there are significant resources in Los Angeles to contribute to recover, but quality contractors, tradesman, plumbers, electricians and laborers have long been in short supply.
Keith A.
Going without landlord's insurance. Have you done it?
7 January 2025 | 7 replies
One bad situation can harm all the properties.
LaTonya Clark
Lender- 40 year loans
20 January 2025 | 31 replies
Quote from @LaTonya Clark: I can cancel the deal with no problems. yes, I feel like I am forcing this bc I want it so bad.
Alvin Sylvain
Anybody play this game called "Tenants" on Steam?
24 December 2024 | 9 replies
It's like Whack-A-Mole: don't think about bad things happening until they do, then panic and run to BiggerPockets forum for advice.
Ken M.
Creative Financing and Some Things To Know
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.
Amanda Bradley
1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
The quality of available tenant varies drastically depending on the neighborhood.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
What you can't do remote is get a sense for the neighborhood and asset quality.