18 April 2018 | 6 replies
I’m extremely motivated and looking to network and seek advice from those of you experienced in this area!
16 April 2018 | 41 replies
Maybe I've only dealt with larger complexes where they take their time prepping the unit prior to a new tenant moving in, and not letting someone move in with the old tenant's hair still in the bathroom sink.
13 April 2018 | 10 replies
But ya I did it conservative and got the degree got the job ( mostly for my parents to get off my back), at 24 I am using my time after I am off and on the weekends looking at deals and networking.
16 April 2018 | 3 replies
I believe the best way to learn is through open networks and BP is a great example.
24 April 2018 | 20 replies
I spent months driving around Baltimore to really know and understand each area and neighborhood (I marked in a paper map what blocks do I like and which ones to stay away from each area I liked) and networking with local investors to really get a grasp of the city.
24 September 2018 | 2 replies
I would love to get in contact with investor friendly agents and network with other investors who know the area and discuss the possibility of small multifamily investing.
12 April 2018 | 4 replies
You will have a much larger monthly cash flow.
18 April 2018 | 5 replies
@Kenneth LaVoieWhy not figure what your payments would be with the 30 yr financing and then work backwards to figure what your LTV would have to be with your current financing and then use that as a target point to pay down to and then refinance...This way you keep your liability protection, get the same payments as the 30 yr financing and are better protected against a down turn of the market due to the larger equity cushion.Example 100k note with 30 yr 4% = $477.42, but you could use a 20 yr note at 6% in the LLC and carry $66,638 mortgage to get that same payment $477.42.
12 April 2018 | 0 replies
Cap Imp vs Repair Expense IRSI'm in the middle of doing some 2017 tax crunching last minute so of course I am on Bigger Pockets forum instead of finishing up my taxes :-)Anyways here's a useful tip on Cap Improvement vs Repair ExpensesMy strategy has always been to increase regular maintenance, repairs (Repair Costs) and spread out costs over time instead of the hands off approach to defer maintenance into larger Capital Improvement expenses.