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6 January 2025 | 8 replies
To list a few...Anyone who wants to increase their property’s income potential (and equity) and build new housing in a market that struggles with high prices, low supply, and few new construction.House hackers who live in their primary and want to airbnb an ADU love this strategy or vice versaInvestors who want to do both long term and short term benefit from having two separate units.Rental Restrictions on ADUs.Thankfully, Raleigh is very STR friendly and ADU friendly right now.
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6 January 2025 | 38 replies
(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies.
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4 January 2025 | 5 replies
One quote has the items listed, shows the price of each item as $0 and then has a final total.
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20 December 2024 | 6 replies
A quick check of new listings results in many listing that seem well below market rates.
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2 January 2025 | 5 replies
Here is a list of what BP has on their list.
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9 January 2025 | 20 replies
As far as checking your accountant's technical competence, you can use this old but still applicable questionnaire:https://www.biggerpockets.com/forums/51/topics/792277-how-to...Other questions that you may want to ask are listed in this post:https://www.biggerpockets.com/forums/51/topics/795929-questi...3.
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12 January 2025 | 12 replies
Posting this duplex that I found here in the heart of Eastern Michigan, I've been frequently trying to run numbers on duplexes and investment property listings as an up and coming agent and investor to try and gain whether a deal is good or bad.
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21 January 2025 | 40 replies
Both are for tracking income/expense and generate reports (P&L, cash flow, but not balance sheet) only, not for listing, screening, collecting rent.
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3 January 2025 | 3 replies
Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.
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16 January 2025 | 19 replies
We should have a "good, bad and ugly" GP list for people to look up and avoid these GPs in the future.I wonder if anyone of you have heard of 711 Rescue and can let me know if this kind of company might be able to help the LPs.