Barry Wong
Hard Money Lending - $100k Enough?
13 January 2024 | 11 replies
Unlike owning real estate, which is typically taxed at a capital gains rate, lending is not particularly tax efficient since interest income is taxed at your marginal rate, @Barry Wong.
Justin Pumpr
Cost of coaching/mentorship
14 January 2024 | 27 replies
Many of the guru's/coaches/etc are syndicators starting out with typically no track record, and maybe learning or knew that the first several years of being a real estate operator with outside investors, specifically, are very lean, often too lean to really pay your bills.
Kimberlyn L Moultrie
Wholesaling OnMarket EMD and Escrow
12 January 2024 | 5 replies
Like @Nick C. said, with a double close there are typically 2 EMDs.
Alex Ng
Title at Closing
13 January 2024 | 3 replies
@Alex Ng, typically it will be spelled out in the PSA who will order a preliminary title report and review of the preliminary title report is a common contingency.
Jorge Abreu
📍Location, Location, Location
12 January 2024 | 0 replies
.➡️ Class C neighborhoods typically consist of low-to-moderate income areas.➡️ Class D: characterized by high crime rates and a very poor neighborhood.To find investment opportunities, begin by identifying potential markets near your current location.
Robert Johnson
Are there reputable STR Turnkey providers?
11 January 2024 | 4 replies
Here are some other forum links where investors are sharing their experiences that may be beneficial.https://www.biggerpockets.com/users/ZacharyCole/referenceshttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirementhttps://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-dealhttps://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-flhttps://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?
Javier Duenas
First Time Investing
12 January 2024 | 23 replies
I've been also told of a construction loan ( I think it's called 203K) or something like that.
Ben Lovro
Breaking Ground at 25: Essential Steps to Jumpstart Your Real Estate Journey
13 January 2024 | 0 replies
But don't worry; we're not talking about sitting in a classroom with textbooks and tests.Education, in this context, means learning and gaining knowledge about the things that interest you or the goals you want to achieve.Learning can take many forms, from reading books and articles to watching educational videos or even talking to people who have experience in the areas you're interested in.It's like exploring a new world, and you're the adventurer seeking knowledge.Education empowers you, provides you with valuable skills, and opens doors to opportunities.The more you know, the better equipped you are to make informed decisions and take action on your path to success.So, embrace the joy of learning, ask questions, seek answers, and never stop educating yourself—it's a key to unlocking your full potential.Step 3: Build a Strong Financial FoundationBuilding a strong financial foundation is like constructing a sturdy house.
Jason Smith
New member with existing properties and financing connections
13 January 2024 | 11 replies
Hi Erik,I'm typically looking for multi-family and office.
Danuel Carter
** To the Window, To the Floor **
12 January 2024 | 5 replies
Your typical DIYer does a so-so job in twice the time.