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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
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9 September 2024 | 28 replies
I thought I'd better go to a source I trust more, the Bigger Pockets community.
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9 September 2024 | 21 replies
If you have a reliable trust-worthy agent who has connections in most markets you don't need a PM.
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8 September 2024 | 0 replies
Hello Everyone - I am a realtor, appraiser, now mortgage broker in Canada and I also own an investment property. In Canada, especially Ontario and BC many investors are leaving for more landlord friendly locations. I ...
12 September 2024 | 12 replies
If you are in a trade or business, you may potentially be able to write off costs to attend a meetup, and meals while you attend.The purpose is justified as you are trying to build connections which is required within the real estate space.The costs of the meals have to be reasonable.
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14 September 2024 | 23 replies
I do think the seller is at risk on perceived cost however those costs aren’t real if appraised at sales price.
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12 September 2024 | 6 replies
Real newbie here need advice!
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12 September 2024 | 0 replies
Hello, I am looking to expand my brokerage from Chattanooga, TN to North GA but am having some issues with Georgia Real Estate Commission.
11 September 2024 | 7 replies
Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.
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8 September 2024 | 3 replies
Hello ya’ll, just joined, am wanting to get into Tax Lien and Deed Investing. Does anyone happen to know if there is anyone that can help or at least guide me to a person, place or thing lol that would have reputable ...