Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
When I do it at 20% down, I can only find negative cashflow, so I could be looking in the wrong spot, or I need to put more down, or I am missing something all together.I have read that making a 8% return or higher is what to look for, and I can find break even.
Katie Camargo
Are home warranties ever worth it on rentals?
17 January 2025 | 4 replies
In my market, I only have one vendor qualified for appliance warranty work, and the warranty companies paid him half his standard fee for each service call.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally I don't want to risk my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end..
Pat O'Connor
San Diego Property Managers
22 January 2025 | 4 replies
Just remember: most negative reviews are written by problematic tenants.
Leon George
New to BP Community
24 January 2025 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Shiv Jey
Buying distressed LA properties after the fires
15 January 2025 | 1 reply
As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible.
Kainoa Oneha
BiggerPockets mobile App?
31 January 2025 | 9 replies
We’re listening, but yea the app got a lot of negative reviews and the site needed a lot of work, so we prioritized the site.
Tod DuBois
Typical Occupancy Rate - and how to calculate?
24 January 2025 | 4 replies
Again, I am sorry that your expecations were not met as I will always try to be honest, straightforward and respectful to all of our guests".It is a shame that one reviewer can hold so much sway, but sometimes the host's response (if done well) to a negative review can actually draw me to a property, rather than dissuade me from booking.
Marc Shin
Should I be providing my guests with free Netflix?
23 January 2025 | 11 replies
I haven’t heard any negative feedback from guests when doing this.
Matthew Posteraro
Conservative Scaling for House Hacking
29 January 2025 | 10 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.