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1 February 2025 | 56 replies
We experienced real estate investors tend to look at most “guru” type training/mentorship as, at the very best, inadequate to provide the new investor with a reasonable pathway to success.
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27 January 2025 | 3 replies
Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.
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8 February 2025 | 5 replies
I wish you the best in your journey and getting started!
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25 January 2025 | 26 replies
Unless you have a very large sphere to start it will be really tough to get going on your own.
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27 January 2025 | 17 replies
At the time QB was not the best for property management.
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6 February 2025 | 7 replies
@Marcus Everett,Welcome to REI and you have found the best place to learn in the BP community.
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29 January 2025 | 25 replies
The BEST method for real estate investing is very simple: increase earnings, reduce expenditures, save, and invest from your own funds.You should focus on increasing earnings and learning how to manage your budget.
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28 January 2025 | 1 reply
Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go up and down through out the year..
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30 January 2025 | 19 replies
As you get more familiar and develop best practices, you can then go to new construction.I hope this helps.