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3 January 2025 | 3 replies
I look forward to being involved with bigger pockets and am excited to connect.
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2 January 2025 | 1 reply
What does the inspection process involve?
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9 January 2025 | 9 replies
(most hard money loans require 10-15% down depending on the split between purchase price and rehab). but that is both (1) risky and (2) expensive, as you're paying interest every month on 100% of the borrowed funds. private money is fine, you're just bearing a lot of risk and also involving the relationship in your very first deal.
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9 January 2025 | 21 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
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4 January 2025 | 26 replies
My take is that a Host should be personally involved as much as possible.
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5 January 2025 | 28 replies
We’ll find a way to get ppl with varying schedules involved.
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10 January 2025 | 67 replies
I have thought about Fundrise (medium success when I invested there), Crowdstreet (I have not invested there but might consider), farmtoghether (20k invested there already) and groundfloor (bad experience so not looking to invest there).Any advice will be appreciated.There is no greater wealth than peace of mind - Buddha - I have both directly owned real estate and passive investments in my portfolio.And if you're an accredited investor, then you have many options for investing in real-estate passively (and that don't involve all the stress of direct management nor putting money into public markets...which tend to be much more volatile).
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13 January 2025 | 12 replies
Add to that the fact that private financing typically involves way less bureaucracy, with reduced paperwork and fewer hoops to jump through.
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12 January 2025 | 185 replies
People who are involved in anything tend to have an overinflated sense of self, ego and importance.
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31 December 2024 | 3 replies
Are they given a JV-co-GP position for fundraising or will they be involved in the management of the property?