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2 October 2024 | 3 replies
It's also a great place to find a mentor.
4 October 2024 | 7 replies
Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum.
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2 October 2024 | 3 replies
If you can't find what you're looking for, try the Bigger Pockets Fileplace.
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29 September 2024 | 12 replies
But if your goal is to build a portfolio of rental properties for long-term cash flow, holding onto this property could help you achieve that, especially with the solid cash flow and lower anticipated repairs.4.
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1 October 2024 | 15 replies
It's more work in terms of finding tenants.
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2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.
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21 September 2024 | 14 replies
What should be right way to find these investor buyers in the market?
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2 October 2024 | 9 replies
I'd love to hear if you have some success in finding something that works.Thanks!
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1 October 2024 | 7 replies
In a nutshell it is a cash flow industry with high yield (6% to 11% net pretax) affordable at USD$30K to $70K on average, and most importantly services are transparent.
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1 October 2024 | 16 replies
So far, you guys have helped me find the motivation to purchase my first investment property, find the right management software, and now I'm marketing my triplex.