4 January 2025 | 5 replies
@Nathan NoorlunRecommend 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.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
6 January 2025 | 2 replies
Sejin - Have you read your fair share of books as well as listen to podcasts?
6 January 2025 | 2 replies
I think they contain solid information and will help lay a good foundation as a beginner (Haha, I'm completely new to real estate as well, btw)I'm also going to be reading the following books, and hopefully I can finish all by the end of this month:1) The ABCs of Property Management2) The Advanced Guide to Real Estate Investing3) Long-Distance Real Estate Investing How to Buy, Rehab, and Manage Out-of-State Rental Properties (this might be the most important one to me personally)4) The Book on Investing in Real Estate with No (and Low) Money DownIn addition to reading, I'm consuming crazy amounts of youtube videos, and I'recommend you do this as well.
7 January 2025 | 5 replies
Basically, lowering the sale price as long as the buyer pays all the owed taxes as well.
7 January 2025 | 0 replies
I rented out the additional bedrooms to friends and family, charging them well below market, and sold when it was time for my wife and I to start our own adventures.
6 January 2025 | 4 replies
Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account.
7 January 2025 | 5 replies
Small multifamily is how I got started as well, specifically duplexes.
7 January 2025 | 8 replies
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.
6 January 2025 | 8 replies
You have to walk these properties, understand where the hidden costs are outside of the spreadsheets, and understand the geographic appreciation trend and migration and population as well, none of which will be in the questions you are asking.
7 January 2025 | 5 replies
Lastly, I am extremely open to working with investors, or obtaining private funds as well.