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29 July 2021 | 2 replies
Good Morning BIGGERPOCKETS FAMILY:QUESTION: I am interested for a property that Asking price its 135k , 3 days inspection period and 3-5 k escrow deposit ; i need to made this deposit in 2 -3 days , my question its THE SELLER are asking FOR A PROOF OF FUNDS, that i need to got from a private lender or hard money or conventional loan , in this time the seller will be receive all the offers and just select one ; THE best OFFER FOR him; how i compete to be the first to secure the property????
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4 August 2021 | 6 replies
Having said that Steve Trang and John Martinez are legit and both train hundreds of real estate investors and their acquisition teams with excellent results.
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27 July 2021 | 3 replies
The property seems like it would make an excellent Fix/Flip or rental.
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30 July 2021 | 18 replies
I had an excellent experience purchasing the property and so far the property is performing according to my expectations.
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19 August 2021 | 0 replies
Question to older and more experienced members: How challenging is it to excel as a real estate agent and investor at the same time?
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25 August 2021 | 2 replies
Hello, would anyone be willing to share their Excel spreadsheet checklist and financial calculators they've made so I can edit them and use them for my business?
23 August 2021 | 29 replies
I think many will do as I and many I know have done. a) Exit the Blue state. b) Move to a Red state. c) Find a good conservative county in that state that appears to be landlord and STR friendly. d) Buy properties that can become excellent STRs (to avoid the tenant issue).Or if STRs are not your thing, get to a Red State and do your LTRs or MFRs.
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20 August 2021 | 5 replies
I know that people coming from Real Estate rather than the trades and moving into being a landlord, and ESPECIALLY women, tend to like wasting, ahem, I mean spending money on them, but you should bite the bullet and either find excellent, trustworthy tradesmen yourself (who usually have no interest in working for home warranty wages) and/or learning basic mechanicals and trades yourself, at least HOW to do it even if you don't.
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25 August 2021 | 43 replies
It almost always costs you nothing (seller pays traditionally) and will educate you on the market(s) and tenancy profiles. 2) Buy a property(s) with long term (10+ year lease);3) Look for corporate credit rated tenants (think Walgreens, Starbucks, etc) on a Triple Net (very minimal LL responsibilities- think roof & structure) OR Absolute Triple Net Lease (no landlord responsibilities).4) Most credit tenants are experts in location selection (which again, minimizes your downside risk).... but as a rule of thumb I always prefer locations on traffic lit, hard corners with great/easy access and high Vehicle Per Day counts.My 2 cents. :-)
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15 September 2021 | 11 replies
I‘ve an excellent track record and credit score, but a commercial lender is only interested in the performance of the property, right?