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11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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5 December 2024 | 3 replies
This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.
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17 December 2024 | 36 replies
But i guess in today's world where things are on line and investors are used to Internet communications this is much easier than those days.
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7 December 2024 | 1 reply
Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.
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11 December 2024 | 11 replies
Which leads us to:2) Are you 100% positive that a) an STR, b) in Florida, c) right now, is the best place to put your hard-earned equity?
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8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
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8 December 2024 | 21 replies
Are there any inactive members that would let me join their businesses and let me pay for my part out of the earnings?
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7 December 2024 | 5 replies
The forelcosure auctions in my home State of Florida are all online.
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7 December 2024 | 1 reply
We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.