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24 January 2025 | 0 replies
Proper research, budgeting, and a well-thought-out strategy are key to minimizing risks and maximizing returns.In the end, BRRRR is an active investment strategy that, when executed correctly, can lead to long-term wealth creation, a steady stream of rental income, and a scalable real estate portfolio.
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18 January 2025 | 11 replies
Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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27 January 2025 | 18 replies
Of course there is nothing magical about a "syndication", it can be as good or bad as an investment in any other real estate activity.
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23 January 2025 | 39 replies
Like @Charles LeMaireand @Justin Kane mentioned Joe Fairless and @Theo Hicks have a great book that goes over every step of the process on how to become an apartment syndicator.Are you looking for a more active or passive approach?
13 January 2025 | 41 replies
.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.
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26 January 2025 | 32 replies
And, there is an active lawsuit against them from 8 previous members. http://www.skapiklaw.com/uncategorized/new-wealth-... .
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20 January 2025 | 7 replies
Networking with local real estate investor groups can also help identify lenders active in your area.
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17 January 2025 | 1 reply
Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.
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18 January 2025 | 3 replies
Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.
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8 February 2025 | 49 replies
-- sort of depends where you live and if you want to invest out of state / have the ability to manage a team remotely, the best out of state investors are very active in managing their teams.