14 May 2024 | 2 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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13 May 2024 | 6 replies
highlight_post=5677176&page=1#p5677176https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?
15 May 2024 | 21 replies
I would highly take his advice on a lot of this.
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14 May 2024 | 9 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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15 May 2024 | 11 replies
Market Knowledge: These agents typically have in-depth knowledge of the local real estate market, including areas with high investment potential, upcoming developments, or changes in zoning laws that could affect property values.
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13 May 2024 | 1 reply
Need to identify apartments in high demand locations where on a per bedroom basis its below market pricing.
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14 May 2024 | 10 replies
You can dive into the specifics of that here if you'd like to see why they jumped so high YoY.What I'm saying is, HOAs are a lower entry point of course, can be lucrative if you analyze the deals as traditional long term rentals....BUT, you ultimately have little to no control over specials assessments, HOA fee increases, and even rule and regulation changes that can impact your investment.
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14 May 2024 | 4 replies
I would highly recommend getting proper advice from a CPA.
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15 May 2024 | 14 replies
Hey Sharma, if you know all the risks associated with buying RE and doing section 8 there, then by all means go for it.Lots of people are telling others to "go there" because the inventory is high and people need to get rid of it.As someone else mentioned, before you make any investments, go drive around and make a decision for yourself if you want to invest there.One last piece of advice: Don't just look at the numbers.
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14 May 2024 | 2 replies
I am concern with the high interest rates but even with those I managed to cash flow which is what I am looking for.