Brandon M.
New wholesaler in Tampa area
16 June 2014 | 0 replies
I have begun wholesaling properties in the Tampa Bay Area.
Quinten Jones
Getting Started
16 June 2014 | 1 reply
I have begun my business plan and I am currently putting systems in place so that I am successful in closing my first deal.The one challenge that I am having is learning how to use the county website to locate absentee owners and eviction cases to look for potential sellers.
Arjun S.
New Member and Investor in Houston, TX
19 June 2014 | 14 replies
I have begun reading some of what you mentioned.
Damien Clark
Taxes and partners
1 July 2014 | 4 replies
With careful planning and organization, you could structure this to significantly reduce SE tax.
Leonard Jefferson
Ready to make opportunity knock for me.
20 June 2014 | 5 replies
@Leonard Jefferson I fully agree with @Lyall Storandt Your best bet are the monthly meetings organized by @Charles Nguyen Here is the next meet up( http://www.biggerpockets.com/forums/521/topics/133... ) unfortunately I'm away from Houston for a small vacation and will miss the next one.Good LuckYavor
Bob Krause
Newbie in MH and seeking advice.
24 June 2014 | 14 replies
Lower tenant turnoverLower capital costsLower operating expense loads relative to other RE asset classesAccelerated DepreciationStrong demand via continue economic pressure on the middle / lower class + boomer retirement with insufficient savings Higher cap rates relative to multifamily assets of comparable qualityA few differences of 55+ vs family parks:Smaller customer base (perhaps not true in Florida)Higher operating costs due to increased amenities (clubhouse, pool, shuffleboard, gym, RV Storage, etc.).More organized tenant base with more time - might push for rent control Far fewer bad tenant problems - likely fewer collection / eviction issues Likely easier to finance as there are typically fewer park owned homes and the communities are more visually appealingLower going cap rates so one could argue higher risk, but lower exit cap rates so if you can dramtically improve the parks operations, you'll make a higher multiple for every marginal dollar of improved NOI.
Alex D.
How did you start in Real Estate Investing?
19 June 2014 | 1 reply
I’m wondering if my story is common amongst real estate investors…I spent almost a year and a half attending real estate investing seminars organized by my local REIA and I looked at maybe 40-50 properties before buying a little single-family residence, rehabbing it, and renting it out for positive cash flow.My problem was “analysis paralysis” where I spent way too much time number crunching and worrying about all the “what if” scenarios in Excel.
Stevie Johnson
Newbie in Atlanta! Looking to network. Hello all!
22 June 2014 | 11 replies
I've just begun the wholesaling journey and I'm stoked for the future.
Wade Evans III
Memphian looking to link up with fellow wholesale investors, buyers and sellers.... From All Over.
25 June 2014 | 17 replies
you are correct but there is nothing that guarantees success but having a local organization would only help.
Tyler Vining
New Guy in Tulsa, Oklahoma
10 December 2014 | 17 replies
I've begun networking with a few investors and they are opening my eyes to different options that might be available.