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26 September 2024 | 9 replies
If I am being honest, some of my biggest wins are getting through some of the more challenging projects...
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1 October 2024 | 8 replies
This would obviously be contingent on a thorough inspection.Asking price: 1075000Annual Rent: 139kVacancy reported: 5%Insurance: 5900Maintenance: 10kTaxes: 4kUtilities: 15,600_____________________________Total Expense: 35500working on financing this week but I understand I'd be at around 6.5%My biggest concern is DOM and major repairs needed.
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1 October 2024 | 14 replies
The biggest thing for you to do when buying out-of-state properties is to build your CORE 4 which includes finding a great realtor, contractor, property manager, and attorney.
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1 October 2024 | 2 replies
You don’t have to research very far to see the widespread housing trends toward more micro-apartments, co-housing situations, and all the other ways people are voting with their rent dollar in wanting a better value proposition at the affordable end of the rental spectrum.Vacancy for an SRO can be kept quite low, and the density results in a very high cashflows compared to the same square footage of a triplex or 6-unit down the street.Utilities bills are marginally higher with the SRO, because there is no incentive for tenants to conserve.
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2 October 2024 | 16 replies
You will find a TON of awesome people here on the forums representing our city who are willing to help you along your journey.My biggest suggestion would be to find some local meetups (https://www.biggerpockets.com/forums/521/topics/1211616-virt...) and introduce yourself to the host.
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1 October 2024 | 16 replies
With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).
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30 September 2024 | 5 replies
The biggest challenge I see for this is risk for the equity partner because the bank would be in 1st position, seller would be in 2nd position, and equity partner would have to be in 3rd position.How do I get a guarantor aboard for the deal?
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30 September 2024 | 0 replies
Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.
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6 October 2024 | 49 replies
The builders rep has no incentive to look out for your interests.
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30 September 2024 | 3 replies
., home tours, neighborhood highlights, agent intros, testimonials)What are the biggest barriers you face when it comes to investing more in video marketing?