David Dachtera
New Member Guide to Bigger Pockets
13 January 2016 | 1 reply
Your time here will be well spent.Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?
Jami Morton
The turnkey discussion
11 December 2016 | 35 replies
, avoid heavy leverage (this removes an exit strategy if the market goes down) OR do not plan to sell (long enough to wait out a dip), ensure your rent rates are good enough that if they dip you can still cover your payments / expenses, get great managers or manage well to ensure solid tenants, and have enough money in reserve to operate in a bad scenario.There are a million ways to do everything in real estate.
Martin S.
Oyy, where to begin. Cat, Broken Door, Lawn, Garage Grill, Late..
30 August 2016 | 26 replies
I'm sure you know there is specific language recommended by the state of Florida to ensure your tenants rights are not violated.
Marc C.
The NEW Dodd-Frank-exempt Lease Option Concept
19 December 2015 | 13 replies
Many RMLOs may not be aware of their compliance requirements and think they can underwrite, process and originate any mortgage, so it's their neck and yours as a lender.What you need is to have a buyer pre-qualified to ensure they can obtain financing required as an ability to perform under a contract, then show the ability to pay, document by tax returns is what I suggest at 33 to 36% debt to payment ratios.
Manuel A.
Do You Ever See A House And Think...
17 December 2015 | 7 replies
However, if you are investing in a less desirable area ensure that you take proper precautions to prevent theft.
Chris Schady
REIA Express Software by Realdata.com reviews?
9 May 2016 | 1 reply
Has anyone had any experience using the REIA Express software by Real Data?
Tyler Divine
Windows - A to Z?
21 December 2015 | 18 replies
My pleasure @Tyler Divine...1) Essentially same advice as posted about in your lumber purchasing post... detail the scope of work, specify fixtures or state the allowance for them, and review all bids to ensure apples to apples.2) Funny you should ask about poor soils, as I was recently consulted by a builder on this very topic as they didn't perform soil tests prior to acquisition and excavation and spent upwards of $70K on the fix!
Harrison Ojimma
Buy/Hold King
19 December 2015 | 7 replies
However, I see that your budding Kingship is centered around buy and hold, so, I added the below info for your review.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?
Andre Brasser
How to accurately estimate hard money costs?
2 January 2016 | 9 replies
A lender has more data and information than you do, all lenders are conservative and can spot unreasonable amounts in a pro-forma.
Paul Hormann
Christmas presents for tenants?
1 January 2016 | 40 replies
I don't think this would interfere with any type of RESPA SECTION 8A laws but you may want to double check to ensure you're in line with the law.Keep crushing it!