Sean O'Dowd
What should the first 5 employees you hire be?
This has been a question I've been debating myself recently, and I was wondering what BP's thoughts were:The situation: Your LLC owns and manages approximately 100 units within the same area. You have enough funds to ...
Julie Kern
Should I hold firm or negotiate this deal?
We put an offer in on a property yesterday and we're waiting for the seller to "run numbers" and get back to us (tomorrow morning). My plan was to hold firm at our offer price, but now I'm wondering if that's the bes...
Thomas Mc
Help establish a newbie's strategy out of the gate? (100k to start with)
Hello all,
This is my first post on biggerpockets, nice to (e)meet you all! I'm excited to have finally found an online forum with such a vast collective knowledge. The purpose of this post is to gather as many...
Thomas Loggins
General question regarding 506b/506c passive investment platforms
Like any investor "wanna-be", I read a lot and listen to podcasts of syndicators and sponsors (GPs, I assume) who pool capital from passive investors to target value-add multifamily opportunities.
While I have signi...
Elijah Wichers
Is using PMI good for real-estate investors to lower down payment
Hello, I have been researching loans and financing options and discovered that many lenders will let borrowers put a lot less than 20% down on a property, given that they get PMI. Now, this sounds great for investor...
Bryan H.
Was your LLC put to the test?
There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...
Jim K.
C-, D, F-class neighborhoods
How do you draw the two dividing lines between these three types of neighborhoods? Is the A-D (and sometimes F) system in common use for grading neighborhoods the best possible system for those interested in investing...
Lee Warren
"turnkey" inspection report came back with numerous issues
I received the inspection report on a SFR thats in escrow. Property was said to have new roof, HVAC under 5 years old, new counter tops, soffit reparied, new doors, and a few other items rehabbed on the house. I go...
Jason V.
The Current MF Market and Potential Repercussions of a Correction
Good Morning BP!Summary: How do smart investors hedge against market corrections in the commercial multi-family sector? And should required reserves for a property be factored in to calculations for CoC and/or IRR? Th...
Morgan Madill
Crash? Crash?! CRASH!
With the employment hitting record highs the stock market going through the roof, the fed pumping billions. There seems to be an impending crash or serious market correction on the horizon. What goes up must come down...