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4 December 2024 | 25 replies
The first neighborhood I would look at is anything next to infrastructure - if it has grocery stores, malls, gas stations.
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4 December 2024 | 33 replies
Now this might be controversial and some people may disagree with me (even some of my coworkers here at BiggerPockets may have a different opinion which I completely welcome), but I really don't think you should invest OOS in this current macro environment with less than $100k (down payment + reserves).
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1 December 2024 | 15 replies
If so, make sure to visit/know of the grocery stores, restaurants, things to do, etc around the area even if just driving by.
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5 December 2024 | 22 replies
There are some people coming back because there's a segment of the population who love living in the city and being walking distance to restaurants, stores etc.
30 November 2024 | 4 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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30 November 2024 | 2 replies
A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
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26 November 2024 | 3 replies
I just subscribed to Pro, but I seem to have 2 different accounts: one for this part of the site and another for the store.
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28 November 2024 | 14 replies
And finally, while there are likely some pro accounts that will only give you discounts if you are licensed, most will let anyone sign up, and are often based on volume spent at that store anyways.
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6 December 2024 | 45 replies
My only regret is not having more in reserves before investing.
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5 December 2024 | 37 replies
The point of going into real estate is either as a store of value or to make money--you make money primarily through value add--of which the simplest path is rehabs-go with an easy one while you learn the process.