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8 March 2024 | 20 replies
Greetings, BP Team.I am putting the puzzle pieces together in order to get ready for my first project, and ask that Houston-area investors reach out to me with the names of trusted contractors.Specifically, I am in need of a general contractor that:1. provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus),2. is able and willing to do cosmetic work as well as studs-deep rehabs,3. has a dependable crew(s) and is known to hit targeted completion dates,4. is knowledgeable of Houston / Harris County permitting and inspection requirements.As this will be the first of a long line of profitable projects, I really appreciate your referrals and any other recommendations that you could lend me.Thanks in advance!
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8 March 2024 | 6 replies
I suppose the issue is when you liquidate, depending on what order you sell may imbalance your numbers.
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8 March 2024 | 3 replies
Choosing depends on your preference.
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8 March 2024 | 53 replies
I think it depends on you.
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6 March 2024 | 11 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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6 March 2024 | 3 replies
The issue with this is your credit score will likely go down while you wait for the funds to season if you have more or less maxed out your credit limits, which lowers your scores.3.
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8 March 2024 | 8 replies
Never a best time and maybe never it really depends on you and what you are trying to accomplish.
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9 March 2024 | 17 replies
Again it depends on the investors choice, me personally am not into D class buy and holds.
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8 March 2024 | 7 replies
There may be some nuances, depending on how much of a percentage of that company you own but generally speaking, it’s best to stay away from this.