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25 July 2024 | 5 replies
However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.
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25 July 2024 | 8 replies
I'd recommend you look for an investor friendly insurance broker.
25 July 2024 | 5 replies
Hi all,I recently posted about this topic and unfortunately did not receive any responses.I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?
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27 July 2024 | 16 replies
What I am seeing is investors using STRs in what I would consider sub par (sketchy) neighborhoods.
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26 July 2024 | 0 replies
The BRRRR strategy is also well-suited, allowing investors to acquire, renovate, rent, and refinance properties, capitalizing on the area's affordable prices, high rental demand, and potential for forced appreciation.Fix-and-Flip vs.
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25 July 2024 | 11 replies
I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like.
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26 July 2024 | 5 replies
There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning.
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26 July 2024 | 3 replies
Fast forward to yesterday(appraisals are done, waiting on underwriting) after a text from the realtor about signing a document that says I'm okay with him representing me and the seller, I called him and brought up the fact that I'd looked over the purchase agreement and the rental agreement and nothing was stated about the rent increase, but it was clearly stated that ALL rental income even prepaid rents (the warehouse was paid in full up front) would be prorated to the buyer (roughly 2200/month)I'm at a crossroads on what to do, part of me wants to just ask for earnest money and appraisal fees back and walk away, but the cashflow of $2300 (current rents not counting warehouse) on a $105,000 property just seems to appealing to walk away from, what do the more experienced investors than myself think
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25 July 2024 | 1 reply
For investors, multi-family properties are great for cash flow, and local networking is key.
29 July 2024 | 40 replies
I guess I’m just baffled because I was wanting some real world experience from experienced investors on what people have done in the past to keep a good tenant.