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17 January 2025 | 35 replies
can I find absentee owners and water cut off lists etc.. on PropStream?
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31 January 2025 | 42 replies
Here's the job description: https://apply.workable.com/biggerpockets/j/C94D6062EE/.
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15 January 2025 | 14 replies
Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.
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18 January 2025 | 11 replies
Often, owners beat up PMCs for a low price, but fail to understand the PMC will often cut corners to make sure they are still profitable.
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17 January 2025 | 3 replies
. --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?
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14 January 2025 | 4 replies
A clean cut, I get that it might be hard emotionally and financially but a clear break on stuff is what you need not more stuff that keeps you together that will just be one more thing to fight over later.
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16 January 2025 | 11 replies
I'm fairly handy, but just to balance things with my 9-5 job, focusing on something that just needs superficial updates or something nearly turn-key is probably best.
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21 January 2025 | 10 replies
Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.
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21 January 2025 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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22 January 2025 | 9 replies
I invested in Jacksonville, FL, because my old job would fly me there multiple times yearly.