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25 October 2024 | 1 reply
Regardless of the unit count the property condition is critical.
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24 October 2024 | 13 replies
Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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29 October 2024 | 23 replies
This profit doesn’t count for vacancies or cap ex, but you get the idea that there still are decent cash flowing properties to buy out there with 7% interest rates.
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25 October 2024 | 12 replies
Fingers crossed it stays that way!
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23 October 2024 | 6 replies
Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.
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25 October 2024 | 10 replies
As a buyer and someone who does wholesale when properties that don't fit our buy box come through our pipeline, I don't ever count other people's pockets as long as the deal makes sense to me, than why worry how much someone else is making on it.
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23 October 2024 | 27 replies
Comps for appraisal disputes typically need to be more similar (size, condition, bed/bath count), more recent, and /or closer in location than the comps used.
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24 October 2024 | 7 replies
Our unit count is bigger, but we are both mindful of buying very good deals and NOT outgrowing our infrastructure.The not so good news is that our models take a bit of time for results, not a ton.
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24 October 2024 | 15 replies
I dont do them often but did one up in Washington state and it was 50% LTV on the primary and then cross collateral on a really cool Ranch in North Central Washington that was free and clear so I got a first on that as a cross.. and I would have loved to own that property :) @Beth Johnson does a lot of seconds from what I see and like me she knows how to juice the equity portion of the deal..
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23 October 2024 | 8 replies
I just went on a 43 day cross country trip with my family.Happy to connect.