Terra Padgett
Real Estate Investment Club
23 December 2023 | 0 replies
We’re currently open to new members looking to join, add value and receive value as we all continue to grow our passive income streams.
Stacy G.
Why investors should be their own general contractor
14 July 2017 | 45 replies
I have run big construction crews before and it is great when the work is plentiful but workflow isnt a steady stream.
Bradley Buxton
Has anyone ever leased to own?
13 December 2023 | 4 replies
.- Property Value Fluctuation: If the property value decreases, the buyer might be locked into an overvalued price.Advantages for the Lessor/Seller:- Steady Income Stream: Regular lease payments ensure a steady income.- Higher Sale Price: Sellers can often negotiate a higher sale price compared to a traditional sale.- Attracting Buyers: It opens up the market to buyers who might not qualify for traditional financing.Disadvantages for the Lessor/Seller:- Delayed Sale: The full sale of the property is delayed until the lease term ends.- Maintenance Responsibilities: The seller might still be responsible for major repairs during the lease period.- Market Risk: If the market appreciates significantly, the seller is locked into a predetermined sale price.Regarding whether it's a good strategy for getting started in real estate investing, lease-to-own can be a viable option, especially for those with limited initial capital or for those wanting to enter the market without immediately committing to a mortgage.
Jake Andronico
Single Family or Multifamily...?
21 November 2023 | 4 replies
I've laid out some pros and cons below that we thought of off the cuff: Single Family: Pros:- Many potential targets (more available)- More likely to find a deal (but varies from market to market)- Location (more SF homes in more locations compared to MF)- Condition (easier to find new(er) inventory)- Exit Strategies (can resell to an investor AND/OR an owner occupier)- Simpler Financing (residential compared to commercial lending)- Self Management Option (easier to manage one home as opposed to many tenants)- House hacking (many forms of this in a SF home)- Lower barrier to entry/lower buy-in costs (cheaper properties) - House Swap (primary residence financing with rental income after moving out)- Tax benefits (potential to 1031 exchange or Section 121 exemption for primary residence) (always check w/ your CPA) Cons:- Generally lower returns (owner occupants also drive pricing) - Single tenant income (less diversified income) - Potential for more upkeep (yard work, trees, etc.)Multifamily:Pros: - Efficient management (more tenants in one location) - Higher cash flow (generally a greater return than SF) - Utilities (more utility efficiency) - Tax benefits (1031 exchange, cost seg, 39 year depreciation on 5+ units) (always check w/ your CPA) - Can force appreciation (through decreasing expenses/increasing rents) - Very scalable (can keep 1031ing and "upgrading" in unit count with the next property in one place) - Income diversification (many streams of income on one parcel in one place) - Larger targets can yield higher returns (as unit count grows, generally cash flow does as well)Cons:- More complex (typically significant nuance)- Fewer opportunities to buy (fewer targets available) - Older inventory (generally on smaller MF)
Jeff N.
Real Estate Agents cant take weekends off!
24 September 2011 | 23 replies
I wanted to add that by doing my own investments I create a stream of income where I can pick and choose as time goes on how hard or little I want to work and what listings and buyers I work with.As a broker/agent it becomes less and less predicated on achieving the NEXT CLOSING.My ultimate dream is to have monster cash flow,travel every month or so,and take listings only when the seller is realistic.
Mark Cruse
Current newbie trends on BP!!
16 March 2023 | 32 replies
For every person you see posting a thread with a question that doesn't meet your expectations or that you think is repetitive, there are probably a dozen other people who visited the site, used the search function, found the answer to their question, and never posted a thread.Forums are a never ending stream of interaction between like-minded people.
Tony Robinson
Completed My First BRRRR (With $0 Down) ! + Photos & Details
16 March 2022 | 312 replies
My focus is building streams of cashflow, so it may make sense to flip it, but I'm not ready to pull that trigger just yet.
Daniel Derrick
Tiny Home Park
27 February 2019 | 19 replies
I have a piece of land I am trying to get cheap on a stream that I can fit about 5 or 6 on I have been thinking about doing the same.
Jonathan Shnoravorian
Rent to Retirement Updates
24 May 2021 | 13 replies
That is why it's vitally important to build a well rounded portfolio with multiple streams of income, which is exactly what you are doing.
Ruby Froom
Philadelphia versus Brooklyn?
20 May 2018 | 10 replies
This will diversify your investment with different streams of income ( 3 doors) and give good cash flow.