All Forum Posts by: Bianca Rodrigues

Hi BP community!

What are your thoughts on purchasing a single family home, renovating it, living in it for a little over a year and then renting it to a long term tenant?

I’ve heard mixed responses from different people either pro long term renting a single family home or others that don’t see the value in it (if someone could afford the rent then they could afford to purchase the home)

What are your thoughts? Do people really rent homes or tend to go for apartments? 

Thank you!

Hi All!

Has anyone recently purchased a multifamily property? What steps are you taking during the underwriting process to make sure you’re conservatively projecting expenses and income, especially with rates pushing higher and talks of home prices decreasing.

Is now a good time to buy, or would you recommend waiting for a few more months to see if home prices come down even further.

Thanks!

Hi All!

I currently own and operate two STRs in NH. I hear a lot of people scaling their STR business by doing arbitrage with apartments, condos, and town homes they find for rent on Craigs List or Facebook marketplace.

What are your thoughts on arbitrage? How does the process work? What is your pitch to the landlord and what documents do you use to secure the lease for Airbnb purposes?

TYIA!

Hello,

I am running numbers for what I think would be an ARV of a potential fix & flip property in MA. Looking to see if a local real estate agent familiar with the area would be able to help me pull comps.

Thank you!

Hi All!

Looking for advise from experienced house flippers. What are some things you know now that you wish you knew before starting rehabbing/house flipping? What are some questions you wish you asked, metrics you wish you took into consideration, etc. I have two rehabs under my belt that are now STRs. I believe I found a great potential fix & flip in MA but want to make sure I'm doing my due diligence on the property (i.e. making sure I'm accurately projecting ARV, rehab costs, holdings costs, etc.) before reaching out to a hard money lender for assistance (would be first time using a hard money lender if I go this route).
 

Thank you!

Thanks for the response Brett! Two questions for you! One, how do you come across deals that involve death, divorce, illness, etc. Two, which state are your deals in? I currently reside in MA, homes prices here are insane and a reason why my two properties are located out of state in NH! 

Hi All!

Curious to know how you got into real estate investing? What was your first deal and how did you continue to come up with money to finance your second, third, etc. deal?

Currently own two short term rentals in New Hampshire. Purchased both in 2021 when rates were super low. Now unsure how to keep the ball rolling and go for investment number 3 (not looking to do another str). 

Thanks!

When analyzing a potential multi-family property, what metrics are used to determine if the cash flow and property as a whole, will be a good investment? 

I know a lot of investors create Excel spreadsheets, any recommendations for what should be on there (Cap rate, cash on cash return, etc…) ?

What are some important questions to ask a seller/ landlord of a multi-unit property to avoid taking over a bad deal.

Thank you!

 Thanks for the great info Scott! How have you structured deals in the past? Do you generally pay back the lent money with interest or do you give a cut of the profits?