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17 February 2020 | 2 replies
Ask locals for more infoSchoolswww.greatschools.comJobs versus Unemploymentwww.city-data.com/ Higher unemployment rate means you just need to screen the tenants betterPopulation Growthwww.usa.com/rank/Price to rent ratiowww.zillow.com/research/data/How to find:Median monthlyrental price/Median sales priceVacancy ratesHow to find:Ask local propertymanagers Remember that this will change with how well you manage the property Include the average so that when you have someone else managing, it won't be as goodProperty Tax andInsurance RatesCh. 9 How to Find Rental PropertiesThe MLS Find a GREAT agent Set up automatic alerts Quickly screen out the bad deals Make lots of offers Look for old listings Focus on distressed Make a clean offer (keep contingencies to a minimum)Direct Mail Marketingwww.listsource.com Success is found in repetition You need to build your brand One needs 8 interactions with a brand before they buyMore info:"The ultimate guide to using direct mail advertising to grow your real estate business" at www.biggerpockets.com/directmailDriving for DollarsLook for distressed houses, write them down, then look into the public records to see who owns it and get their phone numberEviction RecordsTake a trip to your local county administration office and ask to see a list of the current evictionsBiggerPockets MarketplaceJust look around once in a while and post whenever you need somethingCraigslist Search for sellers Post an ad Search for landlords Instead of wanting to rent from them, they are probably having a hard time managing it so offer to buy it from them.
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13 September 2021 | 6 replies
Last question - let's say a property has been assessed for the last few years at ~$200k and the current owners pay taxes at that rate.If I buy it today for $400k, will the county automatically charge us taxes on the $400k value?
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28 February 2020 | 28 replies
Yes, I think it is simple supply and demand economics, but we’re seeing a fundamental shift in demand, so it’s why I have to ask myself if this market is bound to cool off significantly.
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18 February 2020 | 5 replies
That was a huge mindset shift for me... that by taking action, I'm actually doing the LESS risky thing.
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19 December 2020 | 2 replies
Has anyone tried the Credit Uturn mobile app that automatically sends dispute letters to the Credit beuros on your behalf in an attempt to remove the negative accounts on your credit report?
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22 February 2020 | 4 replies
You're already successful at single family but I see the portfolio shifting to multi-family.
19 February 2020 | 2 replies
I was paid pretty good and would work 12 hour shifts.
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19 February 2020 | 25 replies
These types of proposed or considered activities could be categorized as "self help eviction" by a court so even though it is tempting to shift the misery, I'd recommend against it.
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2 March 2020 | 29 replies
I haven't used TurboTax in a long time, but my guess is it does not categorize automatically for you.
21 February 2020 | 3 replies
Hi All,I am currently managing and automating my daily vacation rental tasks through Airtable, which I have connected to a number of online softwares through their API's (Gmail for emails, Twilio for SMS's, Slack for Notifications....etc) in order to achieve my desired custom workflows, and cut down on time spent in front of a computer.I am now at the point of automating my vacation rental bookkeeping tasks and would be grateful for any help with the following:I would like to automatically create a QuickBooks Online Invoice for each customer as soon as they pay for the reservation.