Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
You have to be able to talk with the sellers about who else you helped down the block.Also, wholesaling is 25x more time consuming than most other real estate endeavors, so it's more than a 9 to 5 if you get good at it.
Connor Golden
What data should I look at before buying in a market?
27 June 2024 | 18 replies
You aim for guests, health workers, students, and travelers.
Dana Kennedy
Housing Choice Voucher (section 8 housing)
25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
Armand Gray
Understanding "Transfer on Death" (or similar) and buyouts for TOD contracts.
27 June 2024 | 4 replies
Typically in California, a Will alone is not sufficient to avoid probate - which is a pain, time consuming, and very expensive.
Anthony Tenai
Hello BiggerPockets! New PRO here
25 June 2024 | 1 reply
I am passionate about real estate investing and I am particularly passionate about commercial, small multifamily, single family houses, apartments, notes, condos, mobile home parks, self storage, wholesaling, development, short-term rentals, flipping, rentals, BRRRR, and house hacking.Outside of real estate, I enjoy helping fix the financial goals towards retirement, help people looking for health Insurance, Life Insurance and annuities.
Magda Lipinska
New investor in Austin
26 June 2024 | 8 replies
STR has additional expenses like the cost of furnishings, consumables (TP, paper towels, coffee, etc.), utilities, TV/internet, landscaping maintenance, marketing, credit card fees, lodging taxes, etc.
Matt Hubert
Advice on Using Equity
26 June 2024 | 4 replies
The property is a farm that has been in the family for about 80 years and is currently held by a family member of deteriorating health.
Daniel Ben-Hur
Buying a home every 2 years, renting the previous home out, and repeating, good idea?
26 June 2024 | 32 replies
Also if you're thinking about having a family, be cognizant of the health of it to keep moving for strategy versus peace of mind.
John Wallace
Current DSCR rates? Who's got the best program?
24 June 2024 | 8 replies
This is why there can be muted market responses to actual Fed rate hikes, as the central bank often telegraphs its intentions ahead of time, to the point where the change is fully expected/estimated and thus “priced in” ahead of time.Key Economic Data Releases that Move Mortgage RatesHere are the key economic data releases that most affect Treasury yields and mortgage rates; understand these and plug them into your calendar, and you will be a mortgage rate magician in no time.Consumer Price Index (CPI)For even casual interest rate watchers, it should come as no surprise that the monthly Consumer Price Index (CPI) release is key to interest rate movements.
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
24 June 2024 | 3 replies
The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.