25 June 2024 | 11 replies
I know what agents in my market have a reputation for lying or stretching the truth.The other way is you can ask for a copy of the other contract, with names blacked out.
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26 June 2024 | 2 replies
I can help you explore refinancing options in the future to lower your interest rate, especially if market conditions improve.Living in the property for 18 months while renting a room can help you offset mortgage payments and reduce living expenses.This strategy also gives you time to understand the local rental market and plan for full rental income after you move out.Fixed-Rate vs.
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25 June 2024 | 19 replies
Lastly, I would imagine that with all of the small business ownership involved, there's probably a local bank that already has a UCC filed and is unlikely to play ball with a private lender who's trying to realize their collateral.
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24 June 2024 | 9 replies
Good morning everyone, My name is Rafael Macias, and I am new member to Bigger Pockets.
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26 June 2024 | 9 replies
My research on being a landlord has reignited my interest in real estate investment.I hope to buy a property locally in the next six months and then expand to another state within a year.
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26 June 2024 | 32 replies
So don't buy rental but keep buying primary locally... you can even double your networth very quickly buy buying broken-home and flip it around.
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26 June 2024 | 2 replies
Hi BP,I'm a local Realtor/investor to Sedona and find myself traveling back and forth to the airport in Phoenix a lot.
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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 | 11 replies
The more important thing is developing a local team to help you invest.