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6 May 2024 | 1 reply
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/..Wishing you the best
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6 May 2024 | 1 reply
First, I would recommend talking to a lawyer about the contracts if you are still unfamiliar.
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6 May 2024 | 4 replies
I recommend using ResourceKC for all your property management needs.
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6 May 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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6 May 2024 | 0 replies
I moved to Colorado and do not have plans to return to NM Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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8 May 2024 | 50 replies
In Real estate, it's 90 percent predictable.In appreciation city:So you need to buy place where it appreciates a lot , DSCR > 1.0 + use 15YFRM is recommended or 30YFRMIn cash flow cityYou could buy anything with higher cash flow and use 30/40YFRM (don't use 15YFRM here) This is my own calculation how much I make from 500k house in CA compare to $100k cashflow MF in Wisconsin:net cash flow + appreciation for CA: ($200*12)+($5000*12)= $62,000net cash flow + appreciation for WI: ($700*12)+($1666*12)= $28,400This is indirectly how the cap rate works, I don't count the equity building like you said because the LTV is predictable and would be the same regardless the location of property.This is why also when you have two set of very different problem, you arrive with two set of different solution.Do not use Cash flow strategy IN appreciation city.Do not use Apreciation strategy in Cash flow city.
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6 May 2024 | 19 replies
I am an Akron realtor/investor that self manages but have out of town investors and want to be sure not to recommend this person to them.If you are ever in a pinch or need someone to pop by one of your properties let me know and I can try to help out.
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6 May 2024 | 2 replies
I recommend following Jesse Vasquez, he is an expert in MTR and can show you the ins and outs of this space.
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6 May 2024 | 5 replies
The W-7 form may look easy to complete, but we highly recommend finding a certified agent to handle it.
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6 May 2024 | 23 replies
Based on my experience and in my opinion, I cannot recommend ABC Baltimore, Maverick Investor Group or Hipster Investments.The investment was a BRRR purchase in Baltimore where we would pay $106,000; $46,000 for the property + $60000 for a full rehab that was going to be completed in 120 days.