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9 December 2022 | 12 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
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18 December 2022 | 8 replies
If the property I'm buying was used as a rental, I ask the neighbors about what the tenants were like (if there were always excellent tenants with minimal vacancy, that's a good sign).
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14 December 2022 | 17 replies
They are all excellent rentals now, at market rate, and not a single one of them gets a Christmas card.It's a personal choice.
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13 December 2022 | 63 replies
THe amortization table should be the first chapter one in any biggerpocket book.This may not be relevant to the original question but worth explaining. what you need to do with amortization table is this, for example, I have the excel spreadsheet.
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12 December 2022 | 8 replies
That's awesome, a 24-unit could be a game changer for passive income.I can send you a due diligence checklist our team put together for multifamily and that might be really helpful for you (if anyone else is interested, I am happy to share with anyone who would like to see it).Here are good documents to gather / steps to complete during the due diligence process:- Appraisals- As-built construction documents (see what the build quality is and set up for electrical, HVAC, etc)- Easements- Encumbrances- Environmental reports and related correspondence- Government notices- Leases (with rent roll to verify)- Photographs - insist on looking at EVERY unit, otherwise you'll only see the ones the seller wants you to see- Previous site plans- Property surveys- Recent tax bills (can call the county to ask for an estimate on tax bills after sale)- Soil reports- Title reports, commitments, and policies- Zoning documents- Any other legal documents of significance that the seller has
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7 December 2022 | 1 reply
Quote from @Dustin Emslander: This is an excellent plan, but you need to dial in the numbers before moving forward.
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18 December 2022 | 7 replies
The property is selling for about $230K, excellent location.
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13 December 2022 | 17 replies
Excellent, thanks for sharing.
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15 December 2022 | 28 replies
Why Columbus, OHInvesting in real estate in Columbus, Ohio, is an excellent idea for a number of reasons.
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13 December 2022 | 28 replies
Just meeting with other people with the same mindset will help you excel so much faster, and you might be able to build a stronger relationship in person.