Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
11 August 2024 | 7 replies
Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?
Tony Pham
New to BP forum and real estate investing but eager to learn
12 August 2024 | 8 replies
Agreed with @Nathan Gesner and @Paul De LucaI'd also set up keywords alerts here on BP so that you can be notified when an area or topic of interest is mentioned on the forums.This will familiarize you with some frequently asked questions and shorten your learning curve.All the best!
Shannon Shaddow
Rental Oven Damaged-On us???
12 August 2024 | 9 replies
The guy who came out said it happens more frequently now, thinks there’s less quality control in the glass.
Omer Hassan
New construction incentives in San Marcos too good to be true?
12 August 2024 | 12 replies
They're offering about 75k worth of incentives, and I'm allowed to use that in a variety of ways.I'm lowering the price by 65k, and using the rest towards closing costs so I can have cash on hand for the next property.
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
There is a theme of a lack of due diligence, reserve capital, budgeting in general, tenant screening, location, inspections, leverage, property managers and just a variety of general amateur mistakes/learnings...
Dylan Speer
Subject-To Deals Risky?
12 August 2024 | 37 replies
For a variety of reasons, it may be necessary for a property owner to no longer hold legal title to a property or have an entity he controls hold title.
Ted Davis
Rent collection software
10 August 2024 | 12 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Keith Tarasiewicz
Additional metrics/calculations to qualify rental properties
9 August 2024 | 4 replies
If the pwnership frequently changes perhaps the property doesnot live up to expectations so the owner dumps it to some other sucker, I mean owner.
Jonathan Greene
The 5 Biggest Mistakes New Investors Are Making Here In The Forums
19 August 2024 | 244 replies
I definitely tend to skip any questions that are way too vague or of the TLDR variety.
Holly Peterson
Great Hard Money Heist: A Comedy of Errors and Triumphs in Real Estate
8 August 2024 | 0 replies
Like in a high-stakes bank robbery film, only this time you're negotiating the exciting and frequently unpredictable world of real estate financing rather than robbing a bank.