Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
All of this is aimed at providing more value to our members without hiking prices.While I understand your perspective, I don't think it's accurate to compare our approach to the fee increases mentioned in the article.
Dave Naphy
HELOC for investment properties
4 August 2024 | 4 replies
@Dave Naphy- yes - you can use a HELOC for down payment funds ...make sure you tell your lender your plans so that they can factor in the accurate HELOC payment information into your qualification ratios .....some lenders will use the actual heloc payment and some lenders will use a percentage of the line amount so make sure
Aaron Stairs
The investors edge
6 August 2024 | 24 replies
Based on their own information and even double checking with other of the online calculators and realtors etc. just to get an idea and see if the arv was at least accurate or close to what it was expected, which their appraiser even agreed was close they still went with a different value (far less, to about 100k less).
Kendell Powell
18 with 45k looking to invest ASAP
6 August 2024 | 12 replies
Ultimately it's important to be accurate, consistent, and in a controlled pace in executing a task.
Justin Harris
Creative Investment Strategy
3 August 2024 | 2 replies
Considerations:-Cost to build at $350/sqft -Estimated value of 1,000sqft DADU (3bd / 2ba) after completion: $600K-Estimated after completion value of 2,000sqft single family (4bd / 3ba): $900K-Estimated after completion value of 1,000sqft ADU (3bd / 2ba) after completion: $550K The real question is, how accurate are the numbers and how much wiggle room do you have.
Don White
Property Manager in the Houston, Texas area needed
4 August 2024 | 15 replies
PMC RECOMMENDATIONRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Sean Lin
Recent Success in Real Estate & Making Connections
3 August 2024 | 5 replies
Very few realtors understand how to accurately calculate cap rates and many throw out high cap rate numbers merely to lure In unsophisticated investors who don’t know any better.
Steeve Kurian
Looking to break into hard money lending!
2 August 2024 | 6 replies
To succeed in hard money lending, know your local market well, value properties accurately, and carefully evaluate borrowers.
John S.
Is this the proper way to run a portfolio with multiple LLC's?
4 August 2024 | 5 replies
You can allocate expenses to each property/LLC during your accounting processes, but make sure to maintain clear records and documentation for each expense related to the specific LLC.Detailed Tracking: As you scale up, accurate record-keeping becomes crucial.
Michael Robertson
RV park purchase Due Diligence
31 July 2024 | 3 replies
I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.