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12 June 2024 | 15 replies
If you are not implementing a value add strategy, you would probably be better served putting a mortgage on the paid off property and/or getting a HEL (home equity loan) as both are fixed rate debt.
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10 June 2024 | 23 replies
Besides word-of-mouth, what are some of the best strategies that have worked for those who have scaled their business.
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13 June 2024 | 10 replies
What makes people prefer airbnb than hotel these days, especially the rate of hotels are relatively competitive (airbnb becomes more expensive than it used to be), i.e. is it still a viable business for the most part?
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12 June 2024 | 3 replies
I don't think the "average investor buyer" would ever consider negative cash flow - that being said, there are probably a portion out there that will do so for various reasons/strategies, but its going to be a smaller slice and not part of the main profile
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12 June 2024 | 2 replies
Also, Ive bought office supplies, went out to eat with contractors, and more, should I be using a business credit card?
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13 June 2024 | 9 replies
I've only heard about NARPM here on BP; which isn't saying a lot.I agree that NARPM might not be the primary avenue for growing your business through referrals.
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12 June 2024 | 9 replies
Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.
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12 June 2024 | 5 replies
Vernon will enact any in the future, but generally speaking properties outside of city limits tend to have less pressure to enact restrictions.It's always important to have multiple pivot options if your initial strategy dosen't work out.
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15 June 2024 | 30 replies
Unfortunately, the majority of investors that experience terrible service from turnkey companies, figure out that it's not worth spending tens of thousands of dollars suing their turnkey provider and just move on - which allows the turnkey provider to not change their ways and stay in business:(You should also check out this BP thread about the topic:https://www.biggerpockets.com/forums/88/topics/976647-turnkey-company-suggestion?
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12 June 2024 | 20 replies
I am one to give people benefit of the doubt but it usually ends up with hurt feelings and regrets in business.