Megan Paquet Nelson
Hurricane/Flood and loss of Business Income
14 October 2024 | 16 replies
One will not cover damage covered by water damage 'from above' and then theother will not cover damage caused by water 'from below' (flood) and then they cross reference them and don't pay at all.The good ole Insurance people will do anything to not do their job, which is to pay for their clients damages.There is $$ available through FEMA, but it isn't much and good luck getting it.Question is......even if you can get some money do you rebuild in the same locations?
Frankie Paterno
What areas are currently cashflowing
12 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Gene Jung
Question on pooling multiple rental properites
6 October 2024 | 2 replies
Hi experts, I have a question about net passive income from rental properties.Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income?
Travis Hardy
Trouble pricing house
16 October 2024 | 11 replies
I disagree as the attic would make a perfect bedroom, even though it cant officially be called a bedroom, for a kid and I took all the steps to make sure that there would be no water issues in the basement (Dug drainage along house, added "pond liner" and waterproofing tar along exterior of basement walls).
Jonathan Greene
My Highlight Reel from BPCON2024
14 October 2024 | 8 replies
One they fixed (AC not working), the other they got to a barely acceptable state (hot water and pressure).My favorite part related to the conference was on shuttle to the airport.
Patrick Goswitz
Purchasing Material For Contractors
24 October 2024 | 139 replies
You can lead a horse to water, but you can't make it drink.
Nathan Fisher
Cleveland Rental Registrations - A Guide to the Nightmare
13 October 2024 | 22 replies
Usually that means water/ sewer bills through Cleveland Water and NEORSD.
Ellen Feiss
New 3 family, owner occupied, Providence RI: coin op or regular machines?
11 October 2024 | 10 replies
At the same time, it might be more cost effective to install coin op to lower laundry usage overall and add a bit to my water bill.
Sanjeev Advani
Costco's New Mixed-Use Development Tackles California’s Housing Crisis
11 October 2024 | 0 replies
This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.
Shaneese Bailey
Seeking Advice on Flipping a Vacant Lot
12 October 2024 | 12 replies
Banks won’t loan money to purchase land (usually); so any buyers will either have to be flush with cash up front (which severely limits your buyers pool) OR the seller has to make it easy for an interested party to purchase the land.Seller-financing works great with land, as do land contracts.