Kristopher K.
Option for elderly duplex owner in state nursing home/ rehab, Medicare
22 November 2024 | 4 replies
This is a highly specialized area of law.
Sarah Moore
Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
Robert Frazier
Value add opportunities under new Boise Zoning code create cashflow opportunities.
19 November 2024 | 13 replies
Most years a few new laws are being passed.
Brandon Brown
Rough estimate to upgrade to 400 amp service
25 November 2024 | 8 replies
I just got quoted $160000 for a four unit plus in law in Brookfield including permit and all related fees. for an extra $3500 I can add two EV chargers, but will receive a $16,000 credit from ComEd.
Steve Hiltabiddle
Notice of Default - Process and options
19 November 2024 | 10 replies
Assuming they were professionally prepared and compliant with state law, these should define your default interest terms – probably in your note.
David Turner
Hello BiggerPockets! New PRO here
20 November 2024 | 8 replies
I'm David Turner from California, passionate about real estate investing since the 1990s.Outside of real estate, I'm a litigation partner in a law firm, and I enjoy commodities futures trading.Excited to learn and connect with you all!
Danny Lyu
My 2 Options: Personal vs Commercial Loan
26 November 2024 | 35 replies
The bank had a problem with my holding LLC and after speaking with the law firm who created the LLC they were still confused.
Richard Foltys
Seeking Advice on Best Long-Term Investment Locations in the USA or Caribbean for STR
21 November 2024 | 8 replies
I’m especially interested in spots with strong short-term rental (STR) demand, where the laws are favorable to investors.I have around $250,000 USD to put down as a deposit, and I plan to finance the rest through a mortgage.
Anthony Dupre
Seeking Advice on Asset Protection for Out-of-State Real Estate Investments
26 November 2024 | 17 replies
Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
Karl Kauper
Worst-Case Scenario Eviction - Massachusetts
21 November 2024 | 10 replies
.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?