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15 January 2025 | 9 replies
Outside of real estate, I’m a huge sports fan, so you can usually find me glued to almost every game on the weekends.My interest in real estate began as I explored different ways to generate passive income, which ultimately led me to the BiggerPockets community.
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29 January 2025 | 18 replies
So adding this to my prospecting plan may provide reach to do deals that I may not have had before simply circling the usual watering holes.
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31 January 2025 | 26 replies
I did my usual response asking if they have been to the area before, bringing a dog etc. with no response.
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12 January 2025 | 23 replies
Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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10 January 2025 | 13 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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18 January 2025 | 15 replies
Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.
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11 January 2025 | 10 replies
It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment.
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10 February 2025 | 10 replies
The Seller/Listing Agent could've countered the escalation, but that's usually a "tell" to the strength of the competing offers.
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8 January 2025 | 10 replies
If your goal is to grow faster, buying rent ready properties isn't the usual way to do that if you have limited funds to start with.
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17 January 2025 | 9 replies
Natural appreciation usually takes holding the property for at least a few years (just depending on what the RE market does going forward).