I've been thinking about something: Two investors can look at the exact same property and reach completely different conclusions. One sees a profitable BRRRR opportunity. Another sees a renovation nightmare. One sees a long-term rental. Another sees a potential flip. One walks away because the pr...
Your self-managed portfolio is worth less than you think it is, because a buyer doesn't get your labor with the keys. Say your portfolio grosses $1.2M in rents and nets $600k after operating expenses. If you collect the rents, screen the tenants, run the turns and take the 2 a.m. calls yourself, ...
If you were starting your real estate investment journey today, which strategy would you focus on first, and why?
I have two out of state Townhomes nearly identical and rent for around $2,600 per month. I was planning on finally recasting the loans at a lower balance of $70K each to get $1,200 per month per unit or $2,400 per.month from both in retirement. (Fortunately I don't really need the income at this ...
I own a property and I've been entertaining the idea of acquiring a home equity agreement loan. Does anyone have experience with this? I appreciate any insights or recommendations who have experience with this field.
Hi all, Rob here. I've been doing this since 2013, with over 2,000 residential and commercial deals in Louisville. Other agents hire me to list and buy their own homes. I'm the realtor's realtor. People always ask how I have enough time in the day. I have all the time in the world. Because I've b...
Between financing costs, property prices, and finding deals that actually cash flow, there's a lot to consider. I'm curious how everyone's approaching the market right now.
There are more real estate meetups in Louisville right now than at any point since I got into this business in 2013. Investor groups. Landlord groups. Mentoring nights. Lender lunches. Wholesaler breakfasts. Everything has niched down into its own little room. And a lot of those rooms are half em...
If you had to choose between house hacking and the BRRRR method, which would you go with and why? I can see the benefits of both, whether it’s saving money by living in one unit and renting out the others, or using the BRRRR method to keep growing your portfolio. For those who have done either on...
Had a client score a deal 30K under asking. It was listed for 1 week. I sent it to my client and told him let's lowball. We offered under. Some agents despise throwing out lowball offers, I've found it's always worth the try. A few reasons why I think it's worth doing and what we thought of going...
For anyone investing out of state or wholesaling remotely: how do you check ARV and rehab estimates when you can’t walk the property? Do you rely on an agent’s MLS comps, local contractors, or something else? Any tools or mistakes worth knowing about?
What's been your effective Way of finding Motivated Sellers with out relying on MLS listing? Interested in hearing What's Working in Today's market
A business netting the owner $600k before taxes is insufficient to fund 30-years of retirement. Taxes reduce it to $400k. Retiring requires saving half of what’s left net and living on the rest. An 8% average growth rate, the 4% safe withdrawal limit, and 3% average inflation means the accumulate...
Hi! I'm looking for my first flip. I have a 200k line of credit. Should I purchase a property using my line of credit since its a significantly lower interest rate? It would essentially be a "cash offer" so maybe more negotiation room on purchase price? It's my first flip and it's not where I liv...
If you had $1,000,000 in cash today, would you buy a few houses outright, or use it as a 50% down payment on a commercial multifamily building? Many new investors aim for a 100% debt-free portfolio because it feels safe. But in real estate, avoiding all debt usually means avoiding efficiency. Her...
After analyzing thousands of properties I have come to realize that having properties and making them fit numbers is better than having numbers and making them fit properties
Hello Bigger Pockets, I need to do a Background Check on someone. Does anyone have a suggestion as to a company that does Background Checks on individuals in a Simple, Easy to Interpret, Reasonably Priced way? One other requirement I am looking for is a company that is easy to communicate with. I...
🏡 Looking for Guidance in Real Estate Investing! 🔑 Hey everyone! I’m 19 and looking to get into real estate investing, specifically fix-and-flips. I’m eager to learn how to find properties, estimate renovation costs, understand the numbers, and eventually turn a profit by buying, fixing, and sell...
Hey all, A question for investors who own STRs or are planning to buy: how much of your property's performance comes from the asset, and how much from the operator? We run a co-hosting and operation in coastal North Carolina, and we've held Airbnb Superhost status every year since 2020. One patte...
You can be the smartest person in the room, know your numbers inside and out, and still struggle to build a successful business. Because at the end of the day, sales is part of everything we do. And I'm not just talking about selling a product or convincing someone to invest. You're selling yours...
Hello all, I'm weighing whether to keep a single-family rental I own in Illinois. My mortgage and landlord insurance come to $1,660 a month, and realistic market rent in the area is $1,700 to $1,800, so the property roughly covers itself. Even with that thin margin, I'm leaning toward keeping it....
I have spent the last five years building a real estate portfolio with BRRRR being my primary method for growing. Prices have gone up. Interest rates are climbing again. Worst of all, inflation continues to burn hot. The property I am currently renovating has been a nightmare and set me back sign...
I am a buy & hold investor. My current goal is to maximize the cash flow from existing properties while enhancing property valuation from any renovation work I might need to make in achieving the higher cash flow goal. I am experimenting on the co-living (PadSplit) business model at one of the pr...
Hello everyone, I would like input from others when forming a partnership. Your help would be greatly appreciated. A few things I’d want to work through upfront: Actual responsibilities: Who handles financing, contractors, property management oversight, reporting, and unexpected problems? Evidenc...
Sorry for the long post in advance. I work about 30 hours a week right now so that I can spend more time at home with our two babies and also manage renovations and property management for our 5 rentals. (Doing one renovation at a time right now even though I have 3 that need done in order to be ...