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Results (10,000+)
Pat Parrillo New Investor in greater Milwaukee area
10 February 2024 | 16 replies
Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.
Edgar Sanabia Ryan Pineda course?
10 February 2024 | 2 replies
I'd start here, sometimes these hosts may have content to check out or recommendations.
Massimo Salerno own it detorit
10 February 2024 | 5 replies
Things were going bad from day one however we wouldn't be aware of it until late 2017.It started when 1 of our properties got burned and when started an insurance claim learned that the policy the management company has purchased for us wasn't covering the cost of property purchase and their savings of $20/month cost us loss of thousands of dollars.That was the start of our awakening and we started checking all that was taking place and we have questioned all the different bills and reports that were provided to us, during that we learned that 2nd of our properties was abounded by the tenant and the months late rent payment wasn't questioned by the management company, not only that but thieves had broken in to steal all appliances and vanities, created damage and leave the property completey vandalized, a squatter had taken over the property and we had to go thru eviction process.Needless to say we have dropped Mousa and his so called management team (Omar and Wanda) and hired another company to take over and conduct a full due diligence on our properties which helped us to find out that on a 3rd property the management company had failed to fill out correct paper work and the tenant was not paying her utility bills for months and that mistake of paper work forced us to settle thousand of dollars past due bills with the city, that's on top of the fact the tenant was way past due on her rent, this property was so badly maintained despite the fact we have paid thousands of dollars to Mousa and his team for various repairs they have reported and invoiced for.As you can imagine the poor management of this company had caused us nothing but losses that are at this point estimated in tens of thousands of dollars.It is clearly our responsibility of not checking this company in details before engaging in business with them, however it is this company lack of responsibility and management that caused our losses.Be aware and check them thoroughly before engaging
Peyton LaBarbera How do you protect your properties?
12 February 2024 | 20 replies
@Henry Clark The tax returns are just made through the holding company LLC with the S-Corp attached for those tax purposes which would never be closed, one operating account is all I need for the funds to come into and those funds would funnel from only the holding company with the S-Corp attached while all funds are processed out from their own LLC into the holding company, I have a single credit card for all business expenses that would be connected to the operating account aka my business checking, the insurance policies can only cover a single property at a time anyways so no going around that.Otherwise, if I can get around doing it this way and just have a single LLC to cover all of the properties I flip throughout the year then by all means I am up for saving some money but only if there is not a big chance that I can run into problems down the road with your suggested plan of attack.Let me know your thoughts on that because trust me I would much rather have it be as simple as possible
Stephen Condon Syndicating RV Parks and Campgrounds
10 February 2024 | 23 replies
That way you have experience in investing in deals, you have some street cred, you know what it feels like to hit a home run, or what it feels like to think you're going to get a monthly check and don't.   
Matthew Banks Home Builder Advisor/Consultant for single family home builds $500-700k each
10 February 2024 | 5 replies
The rest is maintaining these items to completion and doing quality checks prior to inspections.
Tyler D. Best strategy for a long-term Bay Area investment?
12 February 2024 | 42 replies
Too lazy to type, so check out my profile for my perspective on Bay Area investing@Darius Ogloza feel free to talk more about your deals :)
Gina Wilson Newbie from Massachusetts!
10 February 2024 | 16 replies
It is also close enough to you that you can reasonably drive up to check it once or twice a year.
Amer Swid Need an advice on my inspection report!!Sorry Im panicking but this is my rental purc
10 February 2024 | 3 replies
Regarding plummbing I check and it will cost 3k-4k.