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26 March 2021 | 8 replies
They're more "mindset" books than RE books, but definitely help with the mental aspect to buying and selling if you're not used to it.And if you do go for a rental: The ABC's of Property Management by Ken McElroy.
7 January 2023 | 1 reply
It sounds like you need to find out from the building department what the inspector actually meant, but if it's an issue critical to issuing a certificate of occupancy I don't see how you could get a renter in first.
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5 January 2023 | 0 replies
Take this real estate strategic investing financial tool into your new years’ plan.Financial analysis helps investors assess risks and opportunities, compare different investments for returns and cash flow, and make informed decisions about real estate investments.Financial modeling includes the following critical components:Income projectionsCost AnalysisLabor AnalysisOperating Cost AnalysisCash-flowsCapital structureIncome projections: Valuation of an asset depends on its capacity to generate future cash flows.
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5 January 2023 | 1 reply
Hey Shae, Happy to connect on the lending aspect.
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27 December 2022 | 7 replies
@Carson SchmeckIt's as you stated, they are just very hard to do because of the rehab aspect.
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5 January 2023 | 15 replies
I used to have a clause that said very clearly that I was in complete charge of every aspect of the job and the customer was not allowed to bring in their own contractors - unless in a rare case I would allow one if I checked them out carefully and added on my mark-up of 25%.It's not just insurance issues as @Adrian Lemus said, but it just screws up the schedule and gets into 'I said/you said' episodes, plus code issues.I had a customer bring in an alarm company without even telling me once and I arrive one morning to find their employee drilling a hole in a huge beam that we had just installed.
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6 June 2018 | 44 replies
Thus, you and I and most people on Bigger Pockets are not in this kind of situation and so it is easy to be very critical of it.
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5 January 2022 | 227 replies
(More in the brokerage sense than the PM aspects) Used them to buy our house when we moved (back) to Ohio from Texas, and I went to HS with one of the owners.
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3 May 2022 | 12 replies
At least you're building your net worth, making a little money and getting some critical experience......
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13 June 2019 | 18 replies
When he shows the property to a potential tenant if they start bad mouthing the property in any way he tells them that he enjoys having happy tenants but he can tell that this guy wouldn't be happy here and since he only rents to happy tenants then he must decline them.He also said that the first few months are very critical and that you must train your tenants properly.