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30 September 2024 | 9 replies
Even once you get the mortgage current, your credit may still show the delinquent payments, so it could take some time before your credit seasons to a better score.
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24 September 2024 | 13 replies
I manage a few properties in coastal NJ and the season is 3-4 months.
2 October 2024 | 28 replies
We've done something similar by offering local coffee, tea, snack baskets, bottled water, local pastries, and seasonal flavors (pumpkin spice, peppermint, gingerbread, etc.) which have been a big hit with much less risk involved.
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1 October 2024 | 14 replies
(Short term in the peak season <30day bookings, and mid term for the rest of the year >30bookings).65% occupancy rate is common around the metro for Airbnb.
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29 September 2024 | 17 replies
Do you really believe that someone with no capital, no experience, and limited education provided by 2 weekends at a guru boot camp is really going to be able to earn $100k annually by finding properties experienced investors spending $10k monthly on marketing to find have somehow missed, and then negotiating prices 50% below real value and flipping the properties to seasoned investors?
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28 September 2024 | 8 replies
There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.
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1 October 2024 | 2 replies
With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).
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29 September 2024 | 1 reply
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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29 September 2024 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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29 September 2024 | 13 replies
I suppose it could be more of a semantic thing, but seasoned RE investors understand it isn't all about the unit #'s, especially when it comes to section 8.