Sagar Goli
New Real Estate Investor (NJ) willing to expand network/partnerships in other states
24 October 2024 | 8 replies
You will need to build your CORE 4 when you get started which consists of having a great realtor, contractor, property manager, and attorney.
Evan T. Ong
I'm really uncomfortable with how my future will turn out.
31 October 2024 | 24 replies
You need to amass a large portfolio for it to be passive (aka hiring someone to manage).If you want to be financially independent as fast as you can then you need to do a few things. 1) get as high of an income as possible (this usually takes schooling and/or experience, think high income profession - law, medicine,etc)2) live as frugally as possible (you will sacrifice a lot here, think of not going out with friends, live at home/save on rent, etc)3) invest as much as possible and I mean invest not yoloing on random hot tips (you are starting young, time will be on your side)If you do this consistently and remain highly disciplined, you will get there faster than most.
Cameron Scheuer
Introduction to Bigger Pockets
21 October 2024 | 10 replies
From what I understand a very good deal in a great location could multiply your returns compared to a less desirable location... just my opinion...
Neal Coppola
Cape Coral Land Sales
26 October 2024 | 10 replies
This is what will ultimately equate to no interest or offers, even though you're seemingly priced correctly, according to the competitionTo summarize, this certainly isn't the market where record values are being set anymore, but I'm consistently seeing most of these lots sell at minimum recent comp levels, not below
William Coet
Whats better than this return?
28 October 2024 | 7 replies
In my experience, you can consistently generate outsized returns once you can gauge which syndications are stretching to show a high projected return.
Miguel Romero
Hello BiggerPockets! New PRO here
22 October 2024 | 2 replies
The key is staying consistent and networking with the right people (you’re already in the right place!).
Jason Kahan
Structuring a Partnership for 1031 Exchange
23 October 2024 | 4 replies
Then the partnership can be on title as the owner of both current properties and then the partnership can be the consistent taxpayer for a clean 1031 exchange.
Account Closed
Breaking Down How Much Money You Need to Invest in Real Estate
21 October 2024 | 1 reply
Gross rent multiplier (GRM)The gross rent multiplier is the purchase price divided by the gross annual rent.
Tyler Kesling
Refining My Path
23 October 2024 | 4 replies
Also a 4Plex usually consists of 4 smaller units...which doesn't rent very high.
Ryan Siebert
Newbie to Short Term Rentals
23 October 2024 | 9 replies
I'd recommend starting with a solid market analysis to find an area with high rental demand—look at vacation spots or areas with events that draw consistent visitors.