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17 October 2024 | 4 replies
@Courtney HamiltonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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18 October 2024 | 0 replies
The area wasn’t heavily affected... but a tree on the property was uprooted and unfortunately knocked down part of the home (roof and foundation were affected).
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3 October 2024 | 1 reply
This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.
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17 October 2024 | 4 replies
Hi everyone, I am a new user of biggerpockets, I am selling a renovated property.
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17 October 2024 | 5 replies
Hello Everyone,My name is Carlene and I am a new real estate investor interested in brrrr method of investing.
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17 October 2024 | 4 replies
Maybe if you can take a week of vacation or sick time or PTO or whatever you can to get some extra phone time in.#4 Before you do any of that while you're prepping to get started is detail out all your databases.
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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1 October 2024 | 8 replies
You definitely want to do lots of learning.
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3 October 2024 | 6 replies
Can anybody point me in the right direction?