Gary Erdoglyan
Since there is low inventory, doesn't development make sense?
10 August 2015 | 7 replies
One familiar reason is NIMBYs ...while it is important that local residents have input on new housing, their resistance to new development is "heightened" especially in coastal California, and it's slowing down the ability of developers to build more housing to alleviate the stress on the limited housing supply. - sourceAnd while the average project approval time for new construction is about four months nationally, it takes eight months on average in L.A.To recap, here are some of the challenges inhibiting development in LA:Getting entitlements for new development is expensive and timelyNIMBYism and the control of local communities over the planning process adds tremendous risk as a project could be stopped due to law suits, lack of approvals, or requirements which make deals unprofitableThe high cost of land and entitlements coupled with a lack of incentives restricts the pool of developers who can afford to developBecause it is so challenging to develop and because we have such a shortage of housing, developers can only make their deals profitable if they target high-end buyers, further contributing to macro-gentriction wherein only the affluent can own homesThat said, it isn't impossible for a developer to develop.
Steve Rozenberg
Is Allowing Your Residents to Deposit Money Directly into Your Account a Good Idea?
4 September 2015 | 96 replies
And like everyone some tenants will resist but you just need to decide if you want to grandfather them in and be strict on any new inbounds by putting it in the tenant acknowledgements.
Paul Weller
Duplex tenants - Can you kick one out to live in when buying?
12 August 2015 | 6 replies
The latter is, oftentimes, the path of least resistance in relation to having a tenant leave early.
Nicole A.
Update basement floor- asbestos sticky tiles?
17 August 2015 | 5 replies
It's super easy to install (can easily do it yourself), water resistant (We didn't want carpet), and looks really good.
Bryan C.
**Seeking advice** How to double SD IRA in 12 mo or less...?
29 May 2015 | 15 replies
They are going to flame you.
Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
5 June 2017 | 113 replies
I have resisted long enough.
Jason O'Toole
I am interested in Indiana looking for some more information
25 August 2015 | 75 replies
We, as human, tend to take the path of least resistance.
James Marie
How to stay motivated?
16 June 2015 | 10 replies
There's often a rush of adrenaline and euphoria at the start of a business venture, a rush that quickly flames out.
Evaristo Urbaez
Newbie from Waterbury, CT
17 June 2015 | 19 replies
The flame was just recently reignited and I'm fighting the urge to over analyze everything daily and I have to say that BP has played an incredible role in my action thus far and for that my future success will be forever indebted to both Josh Dorkin and Brandon Turner and the countless other seasoned investors imparting all their experiences with us.My REI goals are to focus initially on building my wholesaling business and build an incredible marketing system that allows me to do 1 to 2 deals a month until I can save and reinvest enough capital to be able to turn my strategies to fix and flips and ultimately build an incredible RE portfolio that brings in enough cash flow every month that will replace my income for my full time job so that I could focus that 240hrs/month on my REI business and to continue in my pursuit in attaining my Doctorate in Nursing.