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#realestateinvesting

102 posts7 participants6 posts today
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BOCVIP

Turnkey property or fixer upper for first time investor? bocvip.com/795523/turnkey-prop #RealEstate #RealEstateInvesting

BOCVIP · Turnkey property or fixer upper for first time investor?I’m looking to grab my first investment property and debating between two approaches. In your personal opinion & based off your experiences, would it be smarter for me to buy a turnkey property that doesn’t need major repairs so I can rent it out quickly, or should I go for a lower-priced property that needs a lot of rehab to build equity? One of my concerns is that I don’t know any good contractors I can trust in my area, which makes me nervous about taking on a big rehab project. My plan is to start by buying a duplex
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BOCVIP

Large portfolio – is it worth finding my own property manager? bocvip.com/795345/large-portfo #RealEstate #RealEstateInvesting

BOCVIP · Large portfolio – is it worth finding my own property manager?My family and I have a 50 unit portfolio (mostly duplexes) in the Midwest and are moving out of state. We have been using a property management company for the past 6 months and have been pleased with the services so far. They basically charge 6% rent, a $250 lease renewal fee, and to place new tenants about 1/3 of 1st months rent. In passing someone had mentioned to me that our portfolio is large enough that I should skip the management company and just straight up hire a manager full-time that is exclusive to me and that would somehow
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BOCVIP

If you were in a partnership before, when did you decide to go solo? bocvip.com/795219/if-you-were- #RealEstate #RealEstateInvesting

BOCVIP · If you were in a partnership before, when did you decide to go solo?It's been less than a year into the partnership but it already feels like I'm doing 90% of the work of finding the deals. Working with the Hard Money Lender. Doing the accounting. Teaching how to run comps. I stay because I only have to bring 25% to each deal, and if something goes wrong there's other people to help absorb the costs but I'm already starting to get the itch of 'hey what if I just did this myself?'. I just don't know how much to have liquid before I start, cause most of my money is in stock
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BOCVIP

Property Manager is completely useless. bocvip.com/794871/property-man #RealEstate #RealEstateInvesting

BOCVIP · Property Manager is completely useless.I’m a real estate investor—or at least I’m trying to be. Last year, I mainlined BiggerPockets podcasts like they were my roadmap out of my dead-end 9-to-5. Got all hyped up, bought two multifamily properties, figured I’d be a landlord kingpin by now. Even brought in a property manager, ‘cause I’m not about to play plumber while plotting my empire. Big surprise: the property manager was a disaster. Took months—not days, months—to fill one unit. I’m over here nagging them about typos in the listings, while their photos look like they snapped ‘em in three minutes with a cracked iPhone.
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BOCVIP

Those who moved to private money lending why and how’s it been? bocvip.com/794801/those-who-mo #RealEstate #RealEstateInvesting

BOCVIP · Those who moved to private money lending why and how's it been?Private money lending has been a big talk as of late for my family. We are strapped for time to manage more rentals but have some cash sitting on the sidelines making basically 3.5%. Via a lot of research it seems like private lending could be a less intensive way to deploy this capital and actually grow it, but I keep hitting a knowledge gap on if it's realistic for small time investors. Is the risk worth it? Can someone who has not done this find borrowers and actually vet them enough to make a decent profit? I've seen figures
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BOCVIP

Would you buy a fire sale 1.5M rent control property in LA from a court ordered liquidation with upside to 2.5M? bocvip.com/794415/would-you-bu #RealEstate #RealEstateInvesting

BOCVIP · Would you buy a fire sale 1.5M rent control property in LA from a court ordered liquidation with upside to 2.5M?It’s a decent but older multifamily building in a decent neighborhood. Rents are half of market due to prolonged absentee management. Currently returning 5% CAP. If you could buy it and hold with financing at nearly breakeven (cheap capital) while attempting tenant buyouts to raise rents would you? Compared to other stuff on the market it would cash flow less initially but nothing has this large of an upside. If even 20% of tenants accept reasonable buyout offers it would be a good deal. Roll the dice?View Pollhttps://www.reddit.com/r/realestateinvesting/comments/1jccd1a/would_you_buy_a_fire_sale_15m_rent_control/Posted by haplessromantic
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BOCVIP

Best way to determine what the problems are without realtors? bocvip.com/794187/best-way-to- #RealEstate #RealEstateInvesting

BOCVIP · Best way to determine what the problems are without realtors?I have found a house on Zillow that there is obviously some kind of a problem with. Aside from the obvious things in the description like “it has great potential,” and surprisingly adding, “it needs work.” There are some pictures that you can see it seems like there is a moisture problem in the basement. Anyhow, I don’t spend a ton of time on Zillow. Do they typically disclose things like it has failed a mold inspection, it won’t qualify for transitional lending due to the problems present? I just don’t feel like putting my information into Zillow and being
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