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10 October 2018 | 1 reply
After you lock up a property/contract, is it typical to show the home to potential buyers/investors or are they expected to take your word on the price and condition?
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10 October 2018 | 0 replies
It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?
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1 December 2018 | 10 replies
Working a 9-5 job with very little return in a 401k and Roth IRA and having to work until I'm dead is not a life I want to lead.
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10 October 2018 | 3 replies
Hey Everyone,My team and I are in the negotiation stages of a 126 unit apartment deal and the seller is asking for the following conditions:1.
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18 January 2020 | 9 replies
Also thank you all whether or Not BiggerPockets and the community knows it this website, podcasts and books have drastically impacted my life for the better and I am so appreciative for you all!
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2 February 2019 | 4 replies
I have already been able to find several off market opportunities for a few of my friends to get started in this life long journey.
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11 October 2018 | 5 replies
My name is Rich and I am just getting started on the next chapter in my life.
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15 October 2018 | 34 replies
Applicants must receive positive references from all previous landlords for the previous 5 years.Applicant may not have any evictions or unpaid judgments from previous landlords.Applicant must exhibit a responsible financial life.
25 October 2018 | 193 replies
Research shows that for most people, an extra $500 a month improves their life.
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12 October 2018 | 37 replies
Then life and the Universe will be a different place for all of us to live or simply go the way of the caveman.