Fabian Petersen
How to start networking as a novice real estate investor?
5 May 2024 | 4 replies
Hello BiggerPockets Community,I've been consuming a lot of content from the BiggerPockets books and website recently, especially about networking and building your team, but until now I feel like I am stuck with a chicken-or-egg problem: How do you start building your REI network if you have limited experience and resources?
Hunter Ferrari
Real Estate Investing in West Virginia
2 May 2024 | 14 replies
All of my rentals fall in the 1% to 1.5% rule, including a newly built 8 unit complex in Barboursville, WV.
Brendan Quinn
Deciding ! Keep rental or sell ?
3 May 2024 | 7 replies
Feels like its smart to sell because if i pay for a new roof or hvac my cash flow will take a long time to get me even on that out of pocket.
Shravan Parikh
Seeking help in Decatur property
4 May 2024 | 3 replies
@Shravan Parikh, feel free to send me a message.
Carlos Oliva
Pros Versus Cons
3 May 2024 | 7 replies
The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
5 May 2024 | 3 replies
Even a single-member LLC can be claimed here as well.I have included an image of the page below and you can see the basic layout: Income and Expenses mostly.
Account Closed
What activities actually matter for real estate professional status? (REPS)
4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.
AJ Cerbo
Eviction - Tenant Sending Money
4 May 2024 | 10 replies
The only payment you should accept is 100% in full, including late fees and court costs, and it has to be in certified funds (cash, money order, cashier's check).
Greg Strunak
Puppy mill/ aggressive dogs
5 May 2024 | 8 replies
Takes work to do that, as well as being able to manage your own feelings about the situation.
Greg Garza
Breaking into the Industry
5 May 2024 | 17 replies
Yeah, I definitely feel you on the self-monitoring part.