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27 January 2025 | 65 replies
The cost of the program is 35K upfront and then approximately $3500/mo for all marketing.
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5 February 2025 | 4 replies
@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.
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27 December 2024 | 2 replies
It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.
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2 February 2025 | 5 replies
I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.
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25 January 2025 | 5 replies
While living in a high-cost area can present challenges, it also opens doors to creative strategies, like investing out of state or leveraging partnerships.
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6 February 2025 | 7 replies
Houston's diverse, and the real estate market is buzzing.Check your budget, how much risk you can handle, and what you want from the investment.Montrose, The Heights, Eado, and Museum District are buzzin' with mid-term rental potential.Research the neighborhoods, check the rates, and do the math on costs before diving in.
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27 January 2025 | 33 replies
Even if I were found guilty, the cost would be in the thousands, not in the millions.
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6 February 2025 | 4 replies
By the end of 2 years, I could save 50-60k for a down payment, closing costs, and reserves.
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30 January 2025 | 7 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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23 January 2025 | 56 replies
No requirement to be in the inner circle other than to get the 100% funding up to 65% of ARV, otherwise it is 90% of acquisition cost + 100% construction costs up to 65% of funding.