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Results (10,000+)
Leon George New to BP Community
24 January 2025 | 13 replies
Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Joy Daniels Pets and Service animals at STR
18 January 2025 | 15 replies
I let them know what I can make happen so they have a better time.That way you get a feel for how the service animal will affect your place without being offensive.
Chris Seveney Getting A Deed In Lieu at closing to store away
29 January 2025 | 21 replies
Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.
Chris Magistrado Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
Do you guys think there will be regulations that will be created around this that might affect those companies, or worse smaller businesses?
Mariah Volk A few questions!
31 January 2025 | 4 replies
It's very possible that whatever change might happen won't be in affect until 2026 also.It's also worth noting that any depreciation taken for the property for rental purposes doesn't become part of the Sec. 121 exclusion should you choose to take that in a future year.
Kris L. Selecting the right agent
26 January 2025 | 12 replies
Hey saw your other post on this earlier and wanted to repeat for others to see as well: It's great you are recognizing this.
Mary Jay Cash flow is a myth? Property does not cash flow till its paid off?
2 February 2025 | 69 replies
Definitely not a guru, I invest myself and am a realtor with many repeat clients. 
Carlos Silva Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?
Jason Munns Canadian Lender Finder?
27 January 2025 | 5 replies
From there every 20 point increment affect pricing differently.
Ryan Crowley Pay off mortgage and snowball?
19 January 2025 | 61 replies
@Kyle Atans  for me for the younger investors or starter investors is  at least use that 100 or 200 a month positive to paydown debt at an accelerated rate it will save them a ton in the long run and if they can get them paid off in 10 to 15 years that's a good thing.. its not like saving 1200 a year is going to materially affect their ability to buy unit number two and if its that tight not sure owning rentals is that great of investment anyway.