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16 July 2024 | 5 replies
Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.
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16 July 2024 | 1 reply
Hi,I'm looking for some creative ideas for our current situation.
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15 July 2024 | 23 replies
High price + Low Grade = BubbleLow price + High Grade = Opportunity Ive told a few brokers I know about the method, all who acted interested but didn’t necessarily understand.
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16 July 2024 | 6 replies
@Neal PatelRecommend 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, 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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16 July 2024 | 8 replies
I am looking to sign up for services from Anderson Business Advisors and I’m looking for some feedback from any of you who have used or currently use them.
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17 July 2024 | 10 replies
Loan terms are going to vary, based on the asset, your liquidity, net worth.We've got three deals currently under contract with a credit union, 25 yr am, 6.75% rate, 2 years I/O, 5 yr term.
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15 July 2024 | 3 replies
I wouldn't think they would require a redo for work that is readily visible, but it seems like your inspector is on the extreme end.Try asking for forgiveness first since it is a trivial amount of work with low complexity/skill required.
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15 July 2024 | 5 replies
I think something like 40% of Americans have misdemeanors.Some things that are misdemeanorsSpeedingJaywalkingOpen Container in publicDriving without a licenseExcessive noiseLitteringDriving with expired tagsUsing very low level misdemeanors to prove a point that these are all ridiculous reasons to deny a tenant.
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16 July 2024 | 3 replies
I am doing a job in Shaker Heights OH for which I currently have 150% of budget in escrow with the town housing dpt.I can only get the funds released once violations are rectified.
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16 July 2024 | 2 replies
Ask to speak with some of their current owners and current/former tenants.