
9 July 2024 | 8 replies
Because I had everything in place, it wasn't that bad, but even now, I always use property managers for my out of state properties (and a couple local one's as well).Second, You just need to search around for a property manager that meets your needs.

8 July 2024 | 27 replies
@Jingru Sui talk to a local real estate lawyer as they will help with the process.

8 July 2024 | 42 replies
Many a local Cleveland investor has been left with a bad taste in their mouth after dealing with this guy.

8 July 2024 | 8 replies
.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

7 July 2024 | 5 replies
And you've joined one of the best communities for all things real estate investing.1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill 3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 4️⃣ Ask questions here on the forums.5️⃣ Visit (join) a local (and legit) real estate investment association.6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcampsI wish you all the best in your investing journey!

7 July 2024 | 13 replies
It's important to stay current and ask around about which company is responding fastest, as sometimes they are overwhelmed, not having enough local vendors, and service is slower.

7 July 2024 | 35 replies
Client had to source a local appraiser for COGO, due to scarcity of appraisers belonging to "Appraisal Nation."

9 July 2024 | 22 replies
Some do require a year, however there are local lenders that provide dscr products without the seasoning; you just have to check around.

7 July 2024 | 14 replies
The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

8 July 2024 | 22 replies
Work with a lender who is local to that area.