David Horton
Student Investor from Las Vegas, Nevada
25 September 2024 | 20 replies
I feel at this point trapped by the Analysis Paralysis syndrome, as well as time and energy starvation due to a full time job and role as a single parent.
Ryan Montbleau
Best Neighborhoods in Buffalo Offering Lower Entry Price Points & Cash Flow
23 September 2024 | 2 replies
The other "economical" areas are going to be more management heavy (think cheaper houses that are expensive in the long run) and the A/A+ neighborhoods will be very difficult to get cash flow (think Elmwood Village or Hertel Ave duplexes that are $350-400K but gross $3600/mo on the top end).
Antonio Harmon
How to Develop the Best Strategy for Real Estate Investing?
23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
Don Konipol
Dealmaker in Chief
24 September 2024 | 1 reply
And that his understanding of business and economics enabled him to lead our country to establish the free market based system we benefit from today.
Noah Bacon
Looking to Hotel Hack at BPCON 2024?🏝️ Check out below👇
21 September 2024 | 53 replies
I'm looking for a roommate for the Garden View with 2 double beds, or whatever is the most economical with separate beds.
Pete Tarin
Class A, B, C or D neighborhood
23 September 2024 | 25 replies
I base these classifications on the economic makeup & activity of each area along with the school districts and migration trends.
Jack Pyle
The Fed lowered Rates by 1/2%!! Why aren't mortgage rates coming down.
23 September 2024 | 1 reply
For instance, in a time of economic uncertainty, the fed may lower rates but the perceived riskiness of a 30Y fixed rate mortgage may be higher, causing that rate to stay the same or even go up a bit compared to Treasuries.
Andrew Thomas
Starting out! Would love some advice!
27 September 2024 | 17 replies
As an 18-year-old agent, own your energy and hustle—clients will respect your drive.
Will Almand
Long Term Investing In New Build Neighborhoods
22 September 2024 | 2 replies
The modern features and amenities can attract renters, and energy-efficient designs might help keep utility bills down.
Eric Formiller
Multifamily Investing Strategy Advice
20 September 2024 | 15 replies
Beside budget ,do you have the time, energy, flexibility to travel to view properties, or manage a team in a different time zone.