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25 August 2024 | 8 replies
Build a good track record and strong credit, as these can help you negotiate better terms.
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28 August 2024 | 74 replies
He was super helpful and knowledgeable.
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25 August 2024 | 10 replies
Your only chance is if they are SUPER desperate, you’ll get closing help and rate buy down.
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28 August 2024 | 23 replies
At closing day, part of the full cash purchase amount in escrow (~700K) will pay the default amount (pending) they owe the bank, 20K will go to their own account to help them find the next rental place.
25 August 2024 | 1 reply
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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26 August 2024 | 2 replies
Hopefully this information can help you make an informed decision when deciding whether to allow pets or not.
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26 August 2024 | 10 replies
@Alexa Ferguson My wife was a professional home stager and designer and may be interested in helping.
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26 August 2024 | 10 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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26 August 2024 | 11 replies
Customer service needs to be from people that can actually help resolve a situation, not frustrate the guest to the point that they simply hang up.
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26 August 2024 | 2 replies
.- Diversification:Spreading your investments across different states reduces risk and helps protect your portfolio from local economic downturns.- Affordability:Some out-of-state markets may offer lower property prices, allowing you to get more for your investment.- Higher Cash Flow Potential:Certain markets might provide better rental income, leading to increased cash flow.Cons:- Limited Local Knowledge:Understanding the nuances of a new market is challenging without on-the-ground experience.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.