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9 November 2024 | 9 replies
More bank accounts will require more accounts to be connected to your accounting software.I personally don't like to have a checking account and savings account for each property(If you have 10 properties, that means 10 checking accounts, 10 savings accounts, 10 account numbers to remember, 10 checkbooks, 10 debit cards, etc)However, it will make using the class function easier when you do your books.Best of luck.
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8 November 2024 | 11 replies
A lot of investors prefer to stay in the C class because that is where you get the best cash flow.
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15 November 2024 | 32 replies
Homes here don’t usually hit the 1% rule, unless you’re in a C-class neighborhood.
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7 November 2024 | 27 replies
@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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9 November 2024 | 27 replies
I was focused on capital raising, and none of the coaches had any advice about that.Based on how great the 3 day class was, I expected to find a lot more content.
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7 November 2024 | 3 replies
Welcome to BP.I am not sure on the course offerings, but @Dave Meyer's latest book, Start With Strategy, would be a good primer that goes to the question you are asking.Are you talking about an overview on all asset classes or more of a how-to on getting started and prepped to invest?
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7 November 2024 | 5 replies
thx yea I mostly do class c single family in VA and NC.. a fair amount of section 8. thanks for the feedback
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7 November 2024 | 13 replies
The disappearance of the middle class is forcing many to have to rent.
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7 November 2024 | 3 replies
My first property, a C-Class multi-family in Houston, seemed like a great investment, but it turned out to be a money pit.
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7 November 2024 | 22 replies
Generally speaking though, this asset class can be argued to be one other most management-intensive.