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Results (10,000+)
Chris Martin Targets for flips - neighborhood characteristics
7 December 2011 | 7 replies
For your first question, it is irrelevant if another home has been flipped in that area (although I would look at that as one of my exit value comps).The most important factors in selecting a flip property are getting the uglier house on the nicest street, knowing your inventory levels (low inventory levels equals less competition and thus, usually better offers for you) and selecting a conforming property that has recent comps to support your exit value.
Karl Lueders Underwriting guidelines for conventional loans on condos
21 April 2012 | 4 replies
I am selectively buying class a high rise condos for cash at discounts of 30-35% of what similar financable condos sell for.
Jason Kim Setting Up LLC Under Different State
23 December 2019 | 51 replies
My Situation:I have material capital gains and want to defer them by creating an Opportunity Zone Fund.I have to establish the business structure now and it will have to be sufficient for a long time (10+ yrs) including investments in multiple states yet selected (1st property doesn’t need to be purchased for 31months after setup the LLC or Corp).
Joel Owens Want your input on creating the best multifamily website ever
6 December 2011 | 3 replies
I guess I could have an owner finance Yes,No,Possible boxes and select one.I can see more with duplex's,tri's,and quads doing more owner finance etc.In the bigger complexes you have professional buyers that can bring a bunch of cash to the table and give guarantees etc.I guess the short answer is I have to vet the buyer before bringing a scenario like that in front of a seller.If I don't the seller will look at you like you wasted their time and you have just lost all credibility.I do agree that numbers put out there are rosy sometimes but that is the sellers doing.They often massage the numbers some without the broker knowing hoping to get a newbie or less experienced who will pay top dollar and cash them out.You know sometimes that does happen so the seller wants to take the chance.They can always go down in price later on.
Silver A. Value of using an real estate agent in the deal?
26 February 2012 | 36 replies
Zach,You need to look at it this way.You are not paying an agent for the MLS.You are paying them for helping negotiating the contract and guiding you to not make mistakes.In a survey conducted by NAR the most selected thing clients needed help with is doing the contracts and the other items fell way down the list.Most regular sellers on sell property once every 3 to 5 years or longer.So even if they did FSBO 5 years ago they might want to use an agent now as they haven't kept up with all the changes.It is smart for investors especially newer ones to use a broker/agent in the beginning for help.Some investors say I don't know why people use an agent blah,blah,blah.
Arthur Garcia The BP Conference - who's planning on going?
16 February 2012 | 81 replies
Will - Quick note -- to make the @Mentions work, you need to start typing the person's name and must then select it from the dropdown that appears by clicking on the name.
Joshua Dorkin BP Update 6.5.1: @Mentions Now Enabled on BiggerPockets
9 August 2017 | 43 replies
also, anyway to change or select whether I want to get email notifications?
Mark Updegraff Craigslist Boarding Houses, Unfair competitive advantage overlooked? Please advise
28 November 2012 | 14 replies
Selectively choosing to play the rules you like and ignore ones you don't isn't an option, as far as I'm concerned.
James G. 2 part question from someone just starting out.
11 January 2012 | 7 replies
Example 4 bed 2 bath in the so and so area rented for 3,000 a month 12 months ago and landlord had to give 1 months free rent on move in versus at 6 months ago rents were 3,200 with only giving away half months first rent to now current today 3,500 a month with no concessions.Also since you will be buying a house etc. versus commercial you will need to know the comparable sales approach trending as well.The area you select will be most likely a balance of good cash and appreciation.
Kevin C. Considering marketing current home as VRBO - Opinions?
12 January 2012 | 24 replies
v=-CGvSeXcoX0You could overcome the damage risk issue by requiring a security deposit, getting insurance that would cover serious damage, and being selective about who you rent to.