Kody Smith
Transition from SFR to Multi Family 10-20 units
6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
Ariel Betancourt
New Student of Real Estate Investment
24 January 2025 | 7 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
Jerry Tello
Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
It can be like the clothes nobody wanted at the dollar store, it wasn't going to be great to begin with and what was usable in some way is already gone.
Adam M.
Has Anyone Imported Materials from China for a Rental Property Renovation?
22 January 2025 | 8 replies
Maybe if you had a good, secure location to store things you could pre-order stuff you think you might need for your next project(s) and stockpile it.
Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
Originally posted by @Mark Whittlesey: I would get a UPS Store (or similar) box instead of a PO Box.It costs more but is much more flexible (is an actual physical address, can receive UPS and FedEx etc.)I had a PO Box for a while and got rid of it for exactly those reasons.
Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
Each unused lock/deadbolt gets stored in a freezer bag with date and unit the lock was last used on -- so we do not inadvertently place the same lock on the same unit.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement.
Cody Caswell
How to Save Thousands on Cabinetry Cost
26 January 2025 | 10 replies
We get our cabinets through.the box stores.
Michael Klinger
Ideas on $25K loan for multi-family working captial?
6 January 2025 | 11 replies
Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.
Tomoko Hale
A possible first STR property?
24 January 2025 | 28 replies
I furnished 2 STRs for that amount, just go to either high-end thrift stores or a lower-end antique store....you'd be surprised at how little you can pay for solid wood furniture...