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10 January 2025 | 6 replies
If you no longer wish to renew your subscription, you can turn off auto-renew at any time.It's an annoying increase, but I get it.
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5 January 2025 | 17 replies
Quote from @Noah Wright: No, but here are some ways to increase ARV most dramatically:1.
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18 January 2025 | 6 replies
That sounds like a lot of work and I'm sure he would prefer to avoid that work and just sell it for $1.9m or $2.0m.if I were to buy it from him, to get to cash flow neutral I would need to increase rent on all 6 units to market rates and my monthly payment would need to be close to $6.2k/month, which would be $100k down payment, $1.7m loan with seller financing at 2% interest rate and flexible ballon payment.What would you do if you were me?
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16 January 2025 | 3 replies
By making yourself an asset, you’ll increase the chances of someone taking you under their wing.Use BiggerPockets to connect locally.
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19 January 2025 | 47 replies
Borrower has the 3% loan in place for the duration, and 14% investor can be paid off with increased rent in say 18 months.
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13 January 2025 | 10 replies
THE attractive feature to me of MHP is renting the lots, not renting homes.
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10 January 2025 | 0 replies
This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.
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9 January 2025 | 0 replies
Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.
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10 January 2025 | 0 replies
This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.
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9 January 2025 | 4 replies
Quote from @Gloria N Gear: Quote from @Owen Rosen: Quote from @Gloria N Gear: Goosehead Insurance -- I saved about $1300 across 5 properties and increased my coverage.