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15 August 2024 | 9 replies
I wrote a Blog on this very subject.You will eventually learn enough to be of help to yourself, just keep doing it and record the prices so you can start to get a feel for SF costs.One thing I can offer is this website,I have checked them out and they are fairly accurate , you enter your zipcode, I just hate for people to be off by even $10k, that could be your profit on some projects, right?
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15 August 2024 | 8 replies
Starting to invest in real estate means setting clear goals, gaining hands-on experience, and learning a lot.
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16 August 2024 | 16 replies
Everything that I know I willingly share for free to anyone who wants to get their start in flipping.
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15 August 2024 | 9 replies
I live in the ABQ area and looking to start investing in the area, but would love to have a partner while I get my feet wet.
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12 August 2024 | 25 replies
We strong suggest to always get a Real Estate Attorney to review all documentation and prepare the seller docs (do this always - even if you have a Realtor).Most BP members are experienced enough to feel comfortable doing this themselves ... after you do 2 or 3, it will become routine.You are saving thousands of dollars so you will need to do a bit of work yourself, but it is worth it.Never pay full commissions any more ... if you decide to get a full service Realtor to list your house, that is fine (the Entry Only concept is not for everyone, we understand), but always negotiate a flat fee. % commissions are not valid any longer ... what additional work does a Realtor selling a $600,000 has to do than to sell a $400,000 that is worth $6,000 more in commission?
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15 August 2024 | 1 reply
Increased rents during due diligence, negotiated longer term leases during due diligence, will occupy the space and pay market rents on top floor starting February 2025
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15 August 2024 | 4 replies
Recommend you start putting more effort into your business or you won't succeed:)BTWL most PHCs will require 3-5 rental comparables to support any rent increase request.
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14 August 2024 | 63 replies
I also started watching a few of Peter Harris's videos.
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15 August 2024 | 16 replies
I started my STR with my Pool as is and this year added a Pool Heater (unfortunately the pool is only operational during the summer months).The only other thing to consider and it really depends on the condition of the pool, you could possibly delay on restoring it for now.