#AskBP I have heard the BP guys say in a number of webinars that when evaluating apartments, it should have a ROI of at least 12%. Is that on Y1 profoma numbers only? Is that an average across all five years not inc...
Just hit our 7 year anniversary on the first multifamily deal that I did. It was a scary deal (picture below.) 20% occupied, short sale in what I'd call a C- area. Purchased for $175,000 and put about $200,000 into...
Hi all! I just passed the exam & I’m excited to start a new adventure! I haven’t settled on an agency yet. What are some things you wish you’d known when first starting out?
Are tenets in Washington state still protected from eviction due to COVID? We have a tenant who hasn’t paid this month. Looking for advice.
Looking to do my first 1031 exchange. I called one company and they charge $850 for exchange and purchase of one property. Is this a good price? I have no idea what the expected range is. Thanks,Alan
Hello All, I just passed my licensing exam to become a realtor and I am currently in the process of interviewing brokerages. I am currently torn between JBGOODWIN, Exp, and Keller Williams. They all have their own per...
We as humans are fully capable of changing our family’s futures for generations…
The first step that you need to overcome is believing in your mind that you are able to do it and FEELING IT. It can be very difficult...
Hi everyone,I am in the process of starting a tiny house development and had some questions about a construction loan for it.A lender I inquired with said that there is a 150k minimum appraisal to get a loan. These t...
Here, I will share my insights on utilizing project management software, conducting effective meetings, and implementing a solid business operating system.
To effectively track progress, I recommend using project man...
If I give them 30 different things that they could do to afford forclosure, then I will have no leverage when negotiating and they may not even be interested in selling me their house. Yes, ethically it would be best...