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28 December 2024 | 1 reply
Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.
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5 January 2025 | 17 replies
So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.
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9 January 2025 | 35 replies
I take a slightly different approach and try to partner with local vendors and get commission/kick backs.
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27 December 2024 | 3 replies
They partnered with an experienced realtor who handled most of the contractor coordination while they focused on financing and design decisions..
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27 December 2024 | 13 replies
Young couple, late 20s, only one is steadily working but make 130k, partner would be the occupant, no pets. 705 credit but only because she doesn't have a lot of credit.
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28 December 2024 | 2 replies
Currently I and my business partner own 2 town houses, one is a 4 bed 2 bath.
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30 December 2024 | 4 replies
You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.
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31 December 2024 | 8 replies
However, we’re partnered with them, so if you use TurboTenant for property management, you can easily integrate their services with ours.
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3 January 2025 | 18 replies
You could also bring in a partner to buy out 1/2 of your equity position.
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2 January 2025 | 18 replies
Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from.