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28 May 2021 | 8 replies
Just in case you are still looking or might need to in the future, I can highly recommend two contractors I've known for years- one has been a family friend for 30+ years named James Barnett; he has done many projects on my family home; and the other is a friend of 8+ years named Adrian Jorge.
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10 September 2018 | 20 replies
Sometimes a tenant will play your friend in order to avoid a rent increase.
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7 September 2018 | 1 reply
I have several lawyer friends and they all said gary.
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6 September 2018 | 0 replies
Anyone near me could give me some investor friendly realtor or broker referrals!!
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26 September 2018 | 26 replies
Yes, the cash expended is a little more than people that enjoy leveraging would suggest, but for me its a what allows me to sleep at night.I have also set up Lines of credit against a few buildings that are fully paid off in the event that I need to tap the equity in the future.
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11 September 2018 | 31 replies
Price / Rent Ratio - lower the better Avg Median Income - feeds into #2, not as important on its ownAvg Median Price - feeds into #2, not as important on its ownAvg Median Rent - feeds into #2, not as important on its ownRent % of Income - rent should be >1/3 of incomeSociodemographic Rank - should be high (used this article)Population Growth - should outpace US average (used this site)Jobs Growth - highger the better (used Forbes data: example)Law Favorability - should be landlord-friendly (used Avail: example)State Tax Favorability - should be favorable (used this article)Poverty Level - should be low (used city-data.com)Crime - should be below US average of 290 (used city-data.com)Industries Present - should be diverse (used city-data.com) Here are the markets I evaluated: Bend, ORGreenville, SCCharlotte, NCMeridian, IDMidland, TXSpartanburg, SCHuntsville, ALKent, WAWithout any further delay, here is my market analysis laid out with selection criteria and markets: As you can see, the Top 2 Markets are: Meridian, IDCharlotte, NCand they are mostly green across the board, hitting all selection criteria, at a reasonable purchase price for my first investment at a young age.Now that I've completed a brief analysis, I'm looking to dive into deal finding and developing my Core 4.What are your thoughts on my preliminary market analysis?
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19 September 2018 | 3 replies
Hello BP Members,Financing is lined up, so I'm looking to expand my team of professionals.As listed, I need wholesalers, contractors, and investor friendly RE Agents alike in the following areas.SarasotaBradentonSaint PetersburgTampaPossibly other surrounding areas, but the ones above are my immediate focus.Thank you for reading, and I look forward to speaking with you.
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1 November 2018 | 9 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
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11 September 2018 | 15 replies
Recently a few friends have suggested that I invest some money into the basics such as new plumbing and some cosmetic work so that I can at least market it for a higher price, however, I am hesitant to do this as I am not sure if anyone will buy once the updates are completed.
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10 September 2018 | 15 replies
They total upto $1.5 million of rental assets.How do I do asset protection against any lawsuits, especially in a tenant-friendly state like California.Actions Taken:- I have broken them down to 2 LLCs (3 properties in one LLC, and 2 in another).- I have Umbrella policy of $2 million.Ideally, I'd like to have 1 LLC per property but California LLC are one of the most expensive in the country.Can really use your help and inputs!