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23 November 2024 | 38 replies
@Austin Wolfffair point, but there are also tons of threads on BP from folks in HCOL areas who bought a property in Baltimore or Cleveland or Memphis and got absolutely crushed by deferred maintenance.of course it's possible to invest successfully from California but it just seems like a lot of new investors are very much not set up to do it property.
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23 November 2024 | 10 replies
think about it:-when you buy a property, you'll have a down payment, closing costs, rent-ready costs, costs to get set up with a PM, a commission to place a tenant... maybe some light repairs after the tenant moves in...
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21 November 2024 | 1 reply
These are some good ones to check out Guidant Financial, known for its quick setup times and dedicated supportFranFund, which offers streamlined processes and excellent customer service.
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14 November 2024 | 6 replies
Go yourself, at least for the initial purchase, any renovations, and furnishing, etc. and set-up.
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20 November 2024 | 3 replies
Many users in this forum set up "keyword alerts" and you should too to stay in tune with the strategies, markets, or other discussions that come up that are of interest.
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25 November 2024 | 8 replies
Depending on your exact setup it should be between $16-28k unless are doing some unique setup.Typically, we don't see panels getting broken into 125 and 50 it's usually just 100 across the board.
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21 November 2024 | 6 replies
You should also have a conversation with your tax accountant about your bank account setup.
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23 November 2024 | 15 replies
You can set up separate LLCs for each property to keep risks compartmentalized.
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20 November 2024 | 12 replies
If this is the case, set up your listings on Airbnb etc. but block out the calendar until you are ready to start taking reservations.
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21 November 2024 | 1 reply
Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.