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BiggerPockets
BiggerPockets is an American company based in Denver, Colorado. It focuses on real estate investing education and the benefits of investing in rental properties. The company's Chief Executive Officer is Scott Trench and Aaron Sallade is Chief Financial Officer. History BiggerPockets was founded in 2004 by Joshua Dorkin. It was originally a message board for real estate investors to ask questions and share best practices. He started the company with no venture capital financing and no outside investment. Dorkin served as the CEO of BiggerPockets for 14 years. Their first employees were hired in 2013. The company claims over 2.5 million members. As of March 2022, its online forums had 2 million members. BiggerPockets coined the phrase “BRRRR” to describe a real estate investing strategy of Buy, Rehab, Rent, Refinance, Repeat. This is similar to the BRRR strategy but includes the additional “R” for Repeat. In 2006, members of the BiggerPockets message board helped uncove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BRRR (real Estate)
Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate Profit (real property), profit or long-term wealth. A real estate investor or Entrepreneurship, entrepreneur may participate actively or passively in real estate transactions. The primary goal of real estate investing is to increase value or generate a profit through strategic decision-making and market analysis. Investors analyze real estate projects by identifying property types, as each type requires a unique investment strategy. Valuation is a critical factor in assessing real estate investments, as it determines a property’s true worth, guiding investors in purchases, sales, financing, and risk management. Accurate valuation helps investors avoid overpaying for assets, maximize returns, and minimize financial risk. Additionally, proper valuation plays a crucial role in securing financing, as lenders use valuations to determine loan amounts and interest rates. Financing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Denver
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Residential Real Estate
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR ( floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small. Overview In certain residential areas, especially rural, large tracts of land may have no services whatever, such that residents seeking services must use a motor vehicle or other transportation, so the need for transportation has resulted in land development following existing or planned transport infrastructure such as rail and road. Development patterns may be r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
