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27 January 2025 | 3 replies
(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).
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20 February 2025 | 51 replies
Quote from @Joseph Soto: I’ve learned a ton from Pace Morby, and honestly, he’s changed my life in more ways than I can count.
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20 January 2025 | 57 replies
Like most things in life, we don't hear about things when there's no problems.
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24 January 2025 | 5 replies
I've learned that it's extremely important to find balance in this industry as your passion for your business can impact your personal life greatly!
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5 February 2025 | 38 replies
Bloody oath I do mate.It's never their fault and always yours (Ours).They rarely take any responsibility and cry victim.It's crazy to think but it's like many intentionally look for drama and deep down inside don't want success but rather problems.Someone to dislike and blame and to feel wronged by.All other personal and "at home" issues can now be blamed on this one unfortunate scenario.This "drama" per se is like food for the hungry and they need such drama in life to "survive".My apologies if my above comments sound weird as they are more so from a philosophical standpoint and just some thoughts that I have considered after 5,000+ investor intro calls and as you have mentioned, others feeling wronged by me or my company on many occasions.What a $#@% way to live IMO but I don't judge and sleep in peace.Again, I have been "wronged" by many but consider it my own fault.I also don't call them out publicly or post bad reviews, etc...
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29 January 2025 | 6 replies
I have found ChatGPT to be particularly useful for testing new Book Covers for BiggerPockets, such as our foray into the personal fitness category with upcoming title "Sweat for Life":
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26 January 2025 | 2 replies
Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.
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28 January 2025 | 3 replies
Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants.
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11 February 2025 | 25 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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1 February 2025 | 1 reply
Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.