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9 October 2024 | 1 reply
What is the optimal way to proceed?!
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8 October 2024 | 6 replies
Hello BP community,We are in the process of attempting to optimize our first STR property in a very seasonal market.
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10 October 2024 | 5 replies
I'm pretty sure this is allowed within California based on articles by CRES Insurance, but unsure about how to send clients to other state realtors as a finder.My question is: If I make agreements with realtors in various states outside California, can I send them clients and collect finder fees?
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17 October 2024 | 26 replies
She then collected rents and responsible for paying the underlying mortgages, all of them.
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12 October 2024 | 7 replies
Fine, I will just keep the property in my name and will collect my rents and and run my business through the LLC structure I just spent $10k on because that will keep me protected.
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14 October 2024 | 14 replies
@Rebecca Morris The Bigger Pockets bookstore has a great collection of books on multiple topics that are beneficial to beginners.
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13 October 2024 | 54 replies
The submetering company does not collect the payments though.
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8 October 2024 | 3 replies
I’m not sure which one is the most realistic.BP Rental Property Calculator Rental Calculator: https://www.calculator.net/rental-property-calculator.htmlWealth Optimizer: https://www.rpmengage.com/wealth-optimizer Zillow: https://www.zillow.com/rental-manager/resources/rental-prope...In addition to the ones listed above, I’ve also downloaded Excel spreadsheets from a couple of other sources.
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11 October 2024 | 3 replies
Would you see yourself using a tool like this, or is it just another shiny object that’ll collect digital dust?
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16 October 2024 | 25 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.