Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
For example, here in Columbus we've got Intel building their mega-fab which is already driving up property values and rents in certain submarkets.
Arthur Schwartz
Software for seller financing
29 December 2024 | 7 replies
For example we are lenders and buy notes and we use madison management out of nevada.
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
Typically they will have referrals to local accountants you can interview.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
Does Hard Money typically cost 30-40% of the purchase price??
Nina Erlandson
Has anyone used Obie Insurance?
11 January 2025 | 54 replies
Lloyd's of London is one of those, for example.
Jonathan Small
STR, Flipping vs Boring and Profitable Investing
16 January 2025 | 21 replies
Tampa for example, the most desirable STR's are also very desirable to owner occupants (near beaches, near downtown, etc).
Brett Coultas
New member introduction and host financial question
15 January 2025 | 6 replies
So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Leon George
New to BP Community
12 January 2025 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Mitch Smith
How Tiered Returns Has Helped Us Structure Our Private Lending Deals
17 January 2025 | 3 replies
This is a structure we’ve implemented with our private investors, and it’s been working really well for everyone involved.Here’s an example of how tiered returns might look in a lending scenario:Investment AmountAnnualized Return$100,000 - $249,99915%$250,000 - $499,99916%$500,000 - $999,99917%$1,000,000 and above18%Why Use a Tiered Structure?
Donyea Jenkins
DSCR Loan Question
20 January 2025 | 5 replies
Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.