29 September 2021 | 15 replies
I'm not an attorney but we just concluded an estate where my wife is the executrix.This compares to the police just issuing a tickets, let a "salvor" tow it, and be done with it, if all you want is to get rid of it.
6 October 2021 | 13 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
28 September 2021 | 23 replies
I always invest with the theory that it is often much easier to buy that to sell because when you sell a property for the market price, which is usually at the highest sale price you try to get, the buyers compare your property with others and then they want things to be in pristine condition.
27 September 2021 | 2 replies
If you are eligible for a Solo 401k, you can enjoy a lot of benefits compared to a self-directed IRA.
1 October 2021 | 8 replies
., is there data that compares the number of syndications in the past versus those available now?
27 September 2021 | 2 replies
So if you do want a HELOC get it before you move out.HELOC - Pros: Fast cash, easy access, flexible; Cons: Floating rates or higher rates, less available equity as cash, short AMMO; use to take advantage of opportunities quickly then find long-term financing later, best to pay of quickly due to increased expense over other financing optionsCash Out Refi Mortgage - Pros: Excellent terms (low INT, long AMMO, higher LTV=more cash), stable/low INT rates; Con: SLOOOWWW to take out compared to HELOC, slower to reorganize/restructure or close out; generally these are good for financing other deals that are longer term and stabilized in nature.
26 September 2021 | 1 reply
A normally overlooked aspect of construction/development is not comparing the opportunity cost of getting into another property in less time and less money out the gate, so keep that in mind.
27 September 2021 | 3 replies
Is it much harder to find renters in the suburbs compared to in the city of Boston ?
28 September 2021 | 7 replies
That's nothing compared to the bigger high priced cities.
19 November 2021 | 27 replies
~Rough ratios allow you to compare zip codes and regions fairly quickly before you get into more property specific due diligence (taxes, insurance, utilities, etc)