Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 replies
Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------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?
Jose Martinez
32 Rentals – What’s Next?
27 January 2025 | 8 replies
Is your $$$/mo CF a true CF, or is that your net right now without any maintenance coming up?
Joe Kim
How to speak to owners/landlords for rental arbitrage
27 January 2025 | 7 replies
If there is a property manager, your success rate is going to be very low.
Donyea Jenkins
DSCR Loan Question
29 January 2025 | 13 replies
The underwriters will be looking at similar property condition requirements (c4 or higher) of a conventional loan (no deferred maintenance or safety hazards which would affect value).
Desiree Board
Advice for a new long term rental investor
23 January 2025 | 26 replies
If my spouse wasn’t opposed to moving I would try to buy a new house hack every 12-15 months and use low down payment owner occupied loans for as long as it made sense.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
I'll only add when talking to brokers have a "buy box" defined and research commercial deals to understand it as best you can before you have your first meeting or your broker contact will likely consider you to be a low-chance buyer and not take you seriously.
Eli Fazzo
Real estate investing in South Carolina: Worth it at 6% property tax?
30 January 2025 | 35 replies
Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.
Leon George
New to BP Community
24 January 2025 | 13 replies
.- 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?