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26 June 2024 | 15 replies
Try to network locally with some contractors that have done the kind of work that you're hoping to do and ask for some of their most recent proposals.
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25 June 2024 | 2 replies
Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?
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26 June 2024 | 1 reply
We originally purchased side-by-side lots in this neighborhood for $68k from the local MLS.
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24 June 2024 | 14 replies
As far as financing - I personally like the local banks.
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26 June 2024 | 1 reply
Talk to the local building official and get their take on the building's status.
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25 June 2024 | 9 replies
If so I would recommend local meetups and meeting folks from BP forums who are local.
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28 June 2024 | 21 replies
Have you considered a 3 family or changing your property location to a nearby town that does have duplexes?
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25 June 2024 | 5 replies
It is located under the header "Analyzing Deals"
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26 June 2024 | 8 replies
I would focus on purchasing the best property in the best location you can for your budget so it's a good investment.
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28 June 2024 | 100 replies
OP, i suggest you locate other investors and see what your legal options are. do not let this pos off the hook so easily.