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6 January 2025 | 2 replies
@Shakthi Kamal read copy and paste advice below.For cashflow, you'll be looking at mostly Class C properties/tenants.Be SURE you UNDERSTAND what this means or your expectations won't match reality!
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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.
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9 January 2025 | 3 replies
It even helps with finding contractors as you can show them what quality you expect and they in turn can show you what they can do.Will it help you sell more or get more money?
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15 January 2025 | 10 replies
Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.
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10 January 2025 | 7 replies
And how can we align our approach to meet those expectations and improve our chances of securing financing?
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18 January 2025 | 8 replies
This sets the right expectations.
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16 January 2025 | 78 replies
The investor expectations aren't met.Why?
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5 January 2025 | 4 replies
@Amol KulkarniRecommend 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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15 January 2025 | 39 replies
Every investor is expecting day 1 positive cashflow.2.
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17 January 2025 | 12 replies
I had a heart-to-heart with the contractor and made it clear what our expectations were and no more money (he was asking for a second payment of a three payment contract) would come his way.