We’ve seen it firsthand: agents who refer investors to reliable management get repeat buyers, faster transactions, and referrals that come full circle.What would happen if, instead of guarding “our lane,” we built ecosystems that served clients from purchase to portfolio growth?

Good morning all,I have a family member who is in need of financial guidance and I thought I would reach out to BP in search of help for her. 

Before I jump in, I’d love to hear from those of you who’ve already gone through the process:What’s the biggest lesson you learned from your first BRRRR out of state?

The key is aligning your strategy, capital, and comfort level with the right location.In my market in Reno Tahoe there are better deals in the SFH market than the small MF because of the short supply and sellers' overvaluation of multifamily.

According to CoreLogic, in December of 2023, almost 30% of home sales were to investors!

That's the best way to start.Vet your agent well- lots of jokers out there.

Accurate tracking now sets you up to maximize depreciation and reduce taxable gains later.Understand multi-state filings: Owning property out-of-state often triggers non-resident state tax filings.

I often hear that a property should positive cashflow and only then it's a good investment.I have finalized a property that generates 0.8% of purchase price in rentals every month.But will 6.25% interest rate and 5% down payment plus deducting expenses like property taxes, home insurance, mortgage insurance and variable taxes like vacancy (8%), maintenance (8%), property management (8%), I am only left with negative cashflow.Am I doing something wrong?

First of all, I applaud you for all of the great work you've done.  

Hardly the kind of thing that would make me consider taking $20k less.