Patrick Menefee
1% Rule in Practice Regionally
8 March 2019 | 57 replies
Just use Excel to do these..Real estate does better if you can either far exceed the 1% rule (because although it can compound, it doesn't techniquely)...also those that get insanely rich off real estate generally are buying when the economy is in the toilet and time it perfectly (there are other aspects that I'll mention later, before anyone freaks out reading this :).
John Golden
Alabama real estate community
5 March 2019 | 6 replies
They should stand by their product and be comfortable with any professional analysis because they know they've done good work.Check out BP for reviews, reach out to other investors.
Mitch Black
Self-directed IRA for BRRRR question with example
5 March 2019 | 4 replies
Now the question becomes, will a bank lend a conventional product to a self directed IRA?
Mitch Black
should I HELO or partner for a BRRRR cash offer
5 March 2019 | 1 reply
Anyway, I am looking at doing my first BRRRR and have considered two paths to getting the 'B' done with a cash offer:1) take a HELO out of my existing rental to supplement the cash I have on hand for the full amount of purchase2) partner with someone to supplement the cash I have on hand for the full amount of purchaseMy concern is, even though I have excellent credit, will using the HELO for the purchase hinder my being able to complete the refi on this BRRRR?
Zak Boca
New to commercial real estate; looking for advice
8 March 2019 | 15 replies
Being in the tech space, maybe you want to find a way to blend the two, like others have with different products they've developed and brought to the market.Maybe you'd like to invest passively in real estate, there are a ton of platforms/services/sponsors for that.Then of course there are the more traditional active investing paths like self storage, multifamily, mobile home parks, office, warehouse, parking lots, raw land, the list goes on and on.I recommend researching the different strategies here on BP to figure out which is best for you.
Chris Dengel
Cost Segregation - Titan Echo
7 March 2019 | 6 replies
None of their products guarantee the IRS will agree with the reclassification.
Dan Banakus
Need Opinions about this Home Inspection
5 March 2019 | 3 replies
The client should be aware that composition wood siding is more susceptible to damage from water penetration than other siding products and that deterioration can occur that is not readily detectable during the course of a typical home inspection.
Tamatha Mallard
How do I establish business credit?
6 March 2019 | 2 replies
Personal credit is excellent but the banks keep telling me that I have too many accounts, although I don’t have balances on most of them.
Bobby Njoo
Not so new member who is just getting serious.
6 March 2019 | 13 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
Rick Howell
How to Avoid 4 Common Rehab Mistakes
5 March 2019 | 0 replies
Due diligence in checking references and seeing the type of work product each contractor can deliver may take more time at first, but once you have established relationships with the right people, you will save time and money.Budgeting BlundersOn television, property flippers take a quick tour through the property, throw out some numbers, and get to work.