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12 August 2024 | 6 replies
Regarding resell value, it will depend on the market and if you can find someone willing to purchase for the price you're valuing the park at.
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15 August 2024 | 29 replies
I feel like lenders can read through an P&L that might not be technically correct, because you can explain that "project ABC is underway, I'm down $100k on it, but it's set to hit the market in June and we're going to sell it for XYZ."
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11 August 2024 | 0 replies
Rented at top of the market and was able to sell after 5 years of generating 30k annually, at a rougly 125k profit above what was spent to purchase and renovate.
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10 August 2024 | 9 replies
I have been hearing good things about the market.
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10 August 2024 | 8 replies
So the facts are that you will only get paid roughly equal to the market rate for this service in your area.
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11 August 2024 | 9 replies
Upstate New York will generally qualify with standard markets such as Travelers, Nationwide etc... there are a few other property programs that do very well depending on the size.
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9 August 2024 | 47 replies
I am sure most Management Agreements have a clause in that grants them the power of agency.
13 August 2024 | 7 replies
IT Business:With $250k in cash savings and significant untapped equity in your rentals, you’re in a strong position to leverage your existing real estate knowledge to grow your portfolio further.The real estate market, particularly with your ability to do your own rehabs, might provide you with more immediate and scalable opportunities for wealth building, especially if you can find properties that need work and force appreciation through value-add strategies.Balancing Both:You don’t necessarily have to give up the IT business entirely.
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5 August 2024 | 2 replies
Continue exploring various strategies to optimize your purchasing power and minimize upfront costs.Using an FHA or VA loan for MFH acquisition can indeed be advantageous, offering lower down payments and favorable terms.
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7 August 2024 | 1 reply
Hello BiggerPockets Community,As a private money lender, I've seen the transformative power of fix-and-flip projects.