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31 May 2024 | 9 replies
Quote from @Brandon Slaubaugh: If Duck Fund doesn't work out, I often find EMD for wholesalers.Reach out if you need funding.I would love to know more, such as rates, do the lend in NYS etc.
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30 May 2024 | 8 replies
I even lend out at no charge to friends/family and offer at fundraiser, such as, school auctions, etc.
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1 June 2024 | 9 replies
If you can positive cash with today's interest rates, and you buy in a growth market, then you'll have a winner.
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29 May 2024 | 3 replies
My intention is not to boast but to inspire and share the significant impact that BiggerPockets, especially Joshua Dorkin and Brandon Turner, have had on my life.I first encountered BiggerPockets at 23 while enduring long 14+ hour days as a pipe fitter on hydroelectric dams in northern Manitoba, working 21 days on and 5 days off shift schedules.Although I was earning well for my age and educational background (I barely graduated high school), the job was unfulfilling and almost toxic, mainly because of the dynamics with the associates in the industry.
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31 May 2024 | 2 replies
It helps you find reliableproperty management partnerships and gives you everything you need to makeconfident hiring decisions: Expert Matching: Match with professionals who meet your criteria Extra Assurance: Licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets members Bonus Content: Receive an essential interactive workbook: “How to Interview Property Management CompaniesHere’s how it works: Enter your market and what you're looking for Instantly see top matches and their qualifications Connect with only those you want to interview Bonus!
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31 May 2024 | 42 replies
Especially if the CPA/firm is working on a (high) flat fixed rate.
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1 June 2024 | 4 replies
In some cases, the reverse will be true and high activity levels may lead to an increase in the published rent rate.
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31 May 2024 | 10 replies
Lots of headwinds facing real estate, like the following: Inflation Consumer Debt Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buyOwners interest-rate lockedOversupply of class A multifamilyStagnation of rent growth on assets aggressively underwritten at acquisition Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capitalInstitutional and local investors are both frozen by volatility and cost of capital and debtAll that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon
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31 May 2024 | 44 replies
Do PM's typically take $ of the top of repairs after they have negotiated lower rates?