Maryam Mostafa
Where to purchase section 8 properties in Deroit, MI?
1 March 2024 | 19 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Lor Fara
Need CPA referral San Francisco area
29 February 2024 | 11 replies
Hey @Lor Fara, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
Brett Stickler
Hello Bigger Pockets community
29 February 2024 | 2 replies
Flipping can be risky but also highly rewarding.
Neetu Patil
Need help with rental lease agreement
29 February 2024 | 8 replies
Quote from @Neetu Patil: For California, I highly recommend you join the California Apartment Association (CAA) where you can get forms, training, laws, legal help, etc.You are in the most regulated, litigious corner of the world where tenants can literally stop paying rent for years and prevent you from even inspecting the property.
John S.
Should I buy the Niagara Stealth toilet for my rental unit? (0.8gal/flush)
29 February 2024 | 1 reply
The Niagara Stealth advertises it's ultra-high efficiency @ 0.8gal/flush.I pay for the water in my rental units, so I was looking for something that's going to cut my costs on water, but also doesn't clog and need constant repairs.What do you guys think?
Charles Ho
Landlording in Baltimore City
29 February 2024 | 35 replies
Very high property tax rate, crazy high water bills, choking regulation, and bad tenants.
Jay A.
Questions to ask Turnkey Providers
29 February 2024 | 12 replies
Write that answer down.A high quality company will be on top of their KPI's and their numbers will match.
John Schweitzer
Looking for a CPA who knows real estate
29 February 2024 | 6 replies
Hey John, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
Kirk Roberts
Selling property tax implications
29 February 2024 | 8 replies
With flipping, its a high risk /high reward thing... and the downside as well..That's fine if you don't want to be a landlord (other than str).
Caroline Knight
First Property - House Hacking Strategy
1 March 2024 | 14 replies
@Caroline KnightI don't know the Chicago market but I'm highly supportive of house hacking.One thing to remember that positive cash flow isn't actually the goal of a house hack.