So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

I’d encourage you to get out to a lot of local meetups if possible.

The "Rules and Policies" helps differentiate those minor livability items from the preventative calls you actually want to encourage.A clear, written policy upfront manages expectations for both parties and is the best way I've found to deal with a "needy" tenant without sacrificing responsiveness for the good ones.As a quick disclaimer, I'm not an attorney, so please check with a legal professional to ensure any policies are compliant with your State landlord-tenant law.

I encourage new people to use Hard Money Loans at the beginning.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

Feel free to reach out - happy to answer any questions you may have.Id also encourage you to get out to the local meetups as well

That is about what I shoot for if I am an active investor in a deal.So I would encourage you to keep looking for some better deals and that may mean looking into some different cities to buy in.

If the Tenant Buyer walks away from the deal I get to keep his Option payment, since it is non-refundable and I sell to another Tenant Buyer and get another Option Payment usually about $20k to $25k.I encourage buyers to get qualified for financing, give them a mortgage broker contact and to plan their lifestyle to be able to get a loan to exercise the Option.

Hi everyone,
I’m trying to improve how I estimate ARV on potential deals.
What tools or methods do you use to get an accurate ARV fast?
Any tips from active flippers would be really appreciated.

While I can't steer you toward or away from any one particular area, your price point will likely be the driving force in determining where you can make your purchase.However, I would encourage you to shift your thinking so that you can maximize what you can do with the property you can afford.