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4 March 2024 | 8 replies
I think if you broke it down to specifics we could help.
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3 March 2024 | 1 reply
Hey BP family, I am looking to connect with some general contractors in the Charlotte and north of Charlotte area, specifically by Lake Norman.
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5 March 2024 | 70 replies
Since you want it to be as easy/quick as possible, I'll give you three things you need to learn...as a starting point:1 - How to Analyze Markets to find the Micro-markets that are good to invest in.2 - How Money Works, so you can develop an unlimited number of strategies which will allow you to be able to take advantage of as many opportunities as possible.3 - How to design your own REI Plan by reverse engineering from your specific set of financial goals back to where you are now...then execute it by turning around and just following the breadcrumbs.4 - (OK, I said it wasn't as easy as "just one thing")...Learn what the meaning of the number sequence "1073751824" means, and how to base EVERY decision you make on the meaning of that number sequence.5 - Learn why it's so important to follow the 2 Golden Rules of REI, of which GR#1 is: NEVER, under ANY circumstances, ever, EVER, spend your seed money (your starting cash).
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2 March 2024 | 5 replies
I'm new to real estate investing and have been looking to buy my first property for the past 3-4 weeksI have roughly 120k (not all of that I would like to use) to put towards an initial investmentI found a property that I would like to get for 325k that is in ROUGH shape, basically every room and property needs a lot of TLC.I'm getting a 2nd GC to come and look at it but I'm estimating anywhere from 75k-100k in rehab costs to really get it updated.It's a 4/2 with the potential to be a 4/3 or even 5/3 with some creativity of the attic space. 2750sqft with a beautiful pool area and big backyard in Central FL, 15 min from Disney.The girl that has the property wholesale is saying the ARV could be anywhere 550k-600k but honestly, I don't see that number being accurate looking at comps around within a mile or two, and I really need an expert evaluation on this deal but don't know who to go to.I would love someone who has experience doing BRRRR or fix and flips to look at this property/deal and be able to say "this is a no go" or "you have plenty of margin to make this profitable"Any help would be super appreciated!
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4 March 2024 | 16 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users
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4 March 2024 | 2 replies
You can learn most of what you need by reading a few books and digging into the forums for specific questions.
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4 March 2024 | 7 replies
Think of this for what it should be, flipping your "cash".Third, as your cash increases, take some (NOT ALL) of it and invest in cash flow,...the rest keep flipping, repeating steps 1 and 2,...and then 3 again, until you reach your financial goals.REI isn't a series of one time events, it's a system of continuous steps, all leading to a specific financial end result.
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4 March 2024 | 3 replies
The split is very firm specific.
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4 March 2024 | 3 replies
Seek Legal Advice Reach out to a lawyer who can guide you through the specific laws in your area.
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3 March 2024 | 42 replies
I'd love to go over specific properties with you to see if it's feasible.