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4 June 2024 | 3 replies
@Daniel KebedeRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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4 June 2024 | 9 replies
I am currently house hacking a property and planning on moving out and renting out completely.
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5 June 2024 | 29 replies
Once that term is up you have to renew at the current rate.
4 June 2024 | 3 replies
This could also be called an 'equity play' where you are just buying the property to get into the real estate game and build equity, as it isn't cash flowing in its current situation (be it because of high interest rate, high RE prices, or whatever).
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5 June 2024 | 15 replies
Happy almost Summer BP Community,I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold investments in small multifamily properties (2-4 units).
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4 June 2024 | 7 replies
Additionally, I’m happy to connect you with current partners who can share their firsthand experiences.Final ThoughtIt's important to be thorough and cautious, and I respect that.
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4 June 2024 | 42 replies
As an investor, leveraging OPM (other people's money) is something that I’m used to and based on my current situation it made sense.
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3 June 2024 | 14 replies
I’ve done it before with other lenders and don’t mind the “extra work”.Are there any known lenders out there who have a similar rate for condos currently and can work off of P&Ls and leases?
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4 June 2024 | 6 replies
It will take a bit longer to lease a home currently, but if you bake that in, I’d keep it.
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4 June 2024 | 8 replies
Depending on how strict they are, they could make you tear them down or at least bring them up to current code with inspections.You might want to go down to the Building Dept (or call) and ask (without giving an address) what they would recommend.