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2 July 2024 | 7 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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5 July 2024 | 6 replies
Before you spend any money, you just need to price everything out (i.e. cost of homes, moving costs, installation, hook ups such as electrical, water, etc).
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5 July 2024 | 2 replies
It comes free with my MLS subscription as an agent, not sure what it costs outside of that.
5 July 2024 | 5 replies
Will you also have enough for reserves, closing costs, and the downpayment to buy this property if you paid the car off?
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7 July 2024 | 36 replies
@Jasmine HuNot sure I would go to Memphis and don’t know the VA markets.I’m in Greenville SC and love that market - midway between Charlotte and Atlanta.Booming population, income, and job growth - not as competitive as the NC and Florida locations.As you note insurance costs are in issue in FL and probably in Wilmington too.To add some additional context, one can invest successfully in most markets.For me, knowing your market is as important if not more important than selecting a market.
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5 July 2024 | 7 replies
It's important to note that other wholesalers are more likely to JV with you and take a disposition fee rather than simply give or sell you their list.If you're interested in purchasing access to cash buyers, you might consider platforms like InvestorLift, which can cost $25-30K a year for their dispo services.
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1 July 2024 | 4 replies
A cost segregation study is a great way to reduce your taxes, but remember, not every cost segregation study is the same.When considering different cost segregation firms do your Circular 230 Due Diligence and ask:- Does the firm have engineering licenses with the State Authorities, proper licenses overall, and proper insurance?
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3 July 2024 | 2 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..
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4 July 2024 | 12 replies
After thorough research and initial assessments, I estimate the rehabilitation costs to be approximately $250,000.