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Results (10,000+)
Chao Yi Shih Closing soon on investment and having regret
8 April 2024 | 21 replies
Front unit i think market price is around 1600-1700, but i am planning for 1500-1550 to gain advantage on rentingit's a popular rental area in trending neighborhood, so it has a lot rental on the market and a lot investorfirst regret is i think my offer was too high, i offered asking price at 224k which with my 10k deposit and no inspection (i did had a long term contractor go take a look with me) i can likely get the house for cheaper, it went from 300k to now 224k from last year, so 8 month on market, i could get it for maybe 200k or 210k insteadOriginally i planned to have some minor interior update include few windows, which i am estimating around 3k, but noticing the 3rd floor shingle siding was aging and looks like just matter of time, so i had to replace 2 more exterior siding that need scaffolding, long story short, my repair cost went from 3k to around 8-9kmy dscr loan is 7.625% 30 years, my monthly would be $1577 PITI + water (say $230), compare to my expected rent of $2430, so $623 remaining each monthsome concerns are1. it's flat roof and it's just matter of time for me to replace2. i know this market is always trending, a lot tenants and a lot rentals, so it's competitive but popular, i dont know what to feel about it, i have other rental in the city, just not this specific neighborhood3. since there's so many investor in the area, why no one bought it for the price, it was once lowered to 256k before it go down to 224k. when the market was hot, i think 324k would easily sold, but obviously it didnt as that's what they listed in 2023 summer4. unit was managed by management company, last lease on front unit was from June 2022-June2023 rented for $1700, then they later put for sale for 324kon one hand i think the number works, but on the other hand, i keep have this feeling i wanted to back out of the offer, i think also due to my saving would be down to 20k after closing and all the repairs made, which i normally wanted to have at least 30k in bank, also the extra siding job got me scared a bit, and roof that need to be replaced in futureif i back out now, i am going to be losing 10k + inspection 800, so that's close to 11k lostWhat's your take on this, i would hate to lose 11k without any valid reason and just scared myself out of this deal, but honestly i am having some hard time looking forward to this purchase.
Justin Sheley Fund & Grow Financing
14 April 2024 | 885 replies
Scrolling through the 6 pages (popular post!)
Sushree Mohanty Guidance needed on first STR investment - location, identify deals etc.
7 April 2024 | 29 replies
I also like to "borrow" ideas and look at what amenities are most popular in that area so that I can include those amenities at my property.   
Kenny Simpson Mortgage rates in the 4's and 5's in 2023?
9 April 2024 | 64 replies
And that's our fault for electing the jokers we do, we elect popular people, those we "like" vs those who are smart, good at running things.
Cassy Trask Knoxville, TN &Savannah, GA buy and hold investor
5 April 2024 | 3 replies
The fact these two cities--not super popular on BP--come up twice like this is neat.
Esther Rivera What to do with a Silent Partner
5 April 2024 | 7 replies
It is a pretty popular restaurant so I am sure sales would do well.
Andy Oshodi House Hacking is Hard
7 April 2024 | 13 replies
Business forms usually near downtown or a particular area that's generally centrally located to popular functions and the hub of the city. 
Benjamin Lenz Why you shouldn't build a Jr. ADU in California
10 April 2024 | 59 replies
As stated above, homes with JADU plans are very popular and increase the value, probably more than an ADU in that there are lots of threads with folks having trouble getting the assessment to properly value the ADU.
Elvis Occ NAR failed us all!
9 April 2024 | 37 replies
man this is the best direct-honest-unbiased-transparent I ever heard of. it is like i said before, the local broker that has better cost efficiency and/or tech-driven brokerage would rise in popularity and the slow and decaying process of traditional brokerage. typical agent make 50k, there're more realtor than home to sell with different cost from each brokerage ; seller/buyer not just want lesser commision but they want bigger pie when selling like you said. 
James Carlson Arvada legalizes Airbnb for investment
5 April 2024 | 5 replies
What I'd do is Airbnb it the popular months from late spring to early fall and then plan to get a medium-term renter in there for the remaining four months.