@Britney DearEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We are here to help each other grow.Get as much knowledge and experience as possible and find a mentor.Join real estate investment clubs.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

That may seem obvious but in my experience, 99% of ongoing maintenance issues are because the property is old and needs either a large cash infusion to make them go away or what I like to do is 1031 exchange into something newer that requires less work. 

In essence, less than 20% (of the commonly-held-average) ARV is a slim margin, and you should justify it according to your experience and comfort.

When I do it, I know it is done.Since this is your first deal, I would highly recommend finding someone in your town who has experience, has a team, and can mentor you through the process.

Overall, he seems to want to do a basic cost seg for me on the FF&E and Capital Improvements and leave the original basis of the property on the conventional depreciation schedule.I would love some feedback, personal experience, thoughts on this matter.

Hello, Im new here and would like to cennect with investors and collaborate and close more deals. iM EXPERIENCE IN COLDCALLING IN WHOLESALE.

Any experience others have had is welcomed.  

You can get deals from realtors, but from my experience not enough to stay in business.

Hey BP Community,I am starting to look for a BRRRR deal in the Sacramento area and would like to know if anyone with investor experience could help me with identifying the Class for the Sacramento area.