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25 March 2019 | 72 replies
My competitive advantage in the marketplace was building the properties as opposed to buying them.Buying a property is 2-3X more expensive for the exact same property; obviously building is much more difficult and it took me 3 years to identify the best materials and people to be able to get the job done before starting.Both properties:Duplexes, $60,000 total construction cost, $30,000 interest free loan on the land which will be paid off upon sale of the properties even if its in 20 years (purchased the land from a close family members)No mortgages on the properties, therefore incredible cash flow, as obtaining traditional funding in Ecuador is virtually impossible unless for a large commercial project.Cap Ex and Repairs on the property are virtually non existent seeing as the homes are only a couple of years old, but I do put aside a few hundred dollars per unit in a savings account for eventual repairs to the property.property 1: Unit A, I live in it when I'm there or rent it out on Airbnb for $75-$125 a night depending on the season.
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20 October 2019 | 2 replies
Three recommendations for places to market your duplex:Facebook Marketplace - Costs nothing and will get national exposureYour Local REIA Haves/Wants List - Many real estate investment associations have an email list where members can send prospective deals for distribution to other members.BiggerPockets Marketplace - Of course!
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19 June 2021 | 10 replies
I would start scouring Craiglist, OfferUP and LetGO as well as Facebook marketplace for what you need.
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1 December 2022 | 5 replies
In distant third would be Facebook marketplace.
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21 September 2023 | 7 replies
This way you can more easily find sellers willing to negotiate better terms.Cragislist and Facebook marketplace are also good options, but be wary of scams.
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13 August 2020 | 9 replies
The network in the market place to met people, develop relationships, and then lend to those people took me several years of being business associates to develop those relation ships.
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23 March 2020 | 33 replies
@Marisa AlvarezI'll chime in here, based on my experience and what goes on in the "asset protection" market-place - in which there are: quality operations that have expertise and truly want to help you, and others that are just trying to "sell" as many of the identical (every "client" gets the exact same "structure" and a clerk just changes the names) legal documents, as possible.If you have a great history with your CPA and he's well-versed in LLC & tax, you'll probably do well to follow him on this.
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17 January 2010 | 11 replies
The methods that I like best are buying subject to the original mortgage and using private lenders.Given the current marketplace it is easy to find sellers willing to allow you to take over making paymetns on their loans.
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14 June 2008 | 10 replies
Being a landlord is a lot like being a detective.
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6 January 2013 | 18 replies
I've had my hand slapped twice already about this.Chuck, why not sign up for a BP Pro or Pro Basic membership so you can post your deals under Marketplace all you want?