Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
I recommend Stessa to all my retail clients.
Michael King
Experience partnering with Non-profits that runs Sober Living Homes in MD?
14 January 2025 | 1 reply
I'm considering partnering with a non-profit that would manage the sober-living program; with me just providing the house passively for rent on a per bed basis.
Matthew Strack
Family house deal or not?
17 January 2025 | 7 replies
Right, but to get an ARV close to $130k, you'll probably need rent to be close to $1,300 unless you can sell it to a retail buyer, which could be a big risk on its own.
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
Quote from @Jared Haxton: Hi BP Community,I own a 2-bed/2-bath condo in Prescott, AZ (near Embry-Riddle Aeronautical University, hospitals, and medical facilities), and I’m exploring selling it via seller financing.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
She did move in two cats during her tenancy (with my permission after the fact), and the house was left in fairly good condition when she moved out:Most holes were patched (though some in the basement were missed).It was moderately clean but needed extra cleaning due to cat hair in the carpets.Minor issues included:A missing doorbell.Missing shower hardware.One of the window blinds needed replacement.A truck bed full of items left in the shed that I had to haul away.Since I was in a pinch between Christmas and New Year’s, I hired professional cleaners for a quick turnaround.
Jason Vestweber
3620 Southgate Pl SW
14 January 2025 | 3 replies
Purchase price: $895,000 Cash invested: $30,000 Small Commercial retail space.
Akshay Kumar
Investment property landscaping
17 January 2025 | 2 replies
Fix it.We eliminate as much landscaping as possible: we take out flower beds and most decorative features, ideally, lawn mowing is the only job tenants have to do, because we know that's all we can expect from most.
James Sills
Where to start
15 January 2025 | 3 replies
Leverage your existing equity to invest in smaller properties, such as a mixed-use or retail space, to gain experience and cash flow.
Luis Fajardo
Scott Bessent Confirmed as Treasury Secretary: What It Means for R.E Investors.
28 January 2025 | 1 reply
These areas could see a rise in demand for multifamily housing, retail centers, and industrial spaces as local economies expand.Another key piece of Bessent’s plan is increasing domestic oil production.