Brian A Reed
Newbie fired up about REI and getting started in 2025!
5 January 2025 | 2 replies
I envision this portfolio supporting me during my retirement years—though I still plan to work, just in a different capacity than I do today.I recently finished reading "How to Invest in Real Estate: The Ultimate Beginner's Guide" by Josh Dorkin and Brandon Turner, which has been incredibly helpful.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Creative ApproachesIf the organization is hesitant about a sale, consider proposing creative terms:Seller Financing: The non-profit could retain an income stream from the property by financing the purchase.Partnership or Lease-Purchase Agreement: Offer to lease the property with an option to buy, giving them time to evaluate the relationship.Donation or Support: Consider including a donation or offering support for their mission as part of the deal.
Jacob Anderson
Is it foolish to use a HELOC for a down payment on a rental property?
6 January 2025 | 11 replies
This would obviously reduce my cash flow on both properties, as I would be paying the minimum HELOC payment plus extra towards the principal to pay it off quickly.
Jin Lee
Does this value-add opportunity increase the value of my property?
5 January 2025 | 1 reply
This extra road frontage now also qualifies my property to be able to be legally converted into a triplex from a duplex.
William Stewart
Liability Insurance for room rental
30 December 2024 | 11 replies
The quotes were only a few hundred dollars extra annually.
Marc Shin
STR - pets vs no pets
16 December 2024 | 21 replies
I've allowed pets in my STR for five years and haven't had any problems except some extra cleaning a couple times, which was paid for by the guest.
Jennifer McCurrach
Need a PM in Cincinnati
2 January 2025 | 6 replies
I've tried the lower 6-7% PMs and usually you'll either pay mark ups on repairs (what you've noted) or pay extra fees (i.e. labor hours, extra calls) that you may or may not notice.
Desmond Kerr
Newbie to fix and hold but not rentals
1 January 2025 | 1 reply
A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.
Sean Gallagher
Taking over an existing lease with addendums, RBP, BPP.
4 January 2025 | 11 replies
I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars.
Kris Tohovitis
Multifamily investing advice
8 January 2025 | 9 replies
Living in one unit and renting out the others could offset a significant portion of your mortgage, giving you extra breathing room as the sole income earner.