Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Jamie Petraglia SF Landlords: How Are You Handling the 5.2% Security Deposit Interest Rate?
25 September 2024 | 6 replies
I would think most landlords, who choose to be landlords in very Tenant friendly San Francisco, would pony up the 5.2% knowing that the rate has gone up and down throughout time, unless they want to run the risk of their tenant's finding out and called out as being a bad landlord, being taken on by the very helpful San Francisco Tenants Union or taken to Small Claims Court.Maybe there is a silver lining in California's recent change in security deposits that limit it to one months rent when it used to be up to 2 month's rent for unfurnished units and up to 3x for furnished units.By the way, I took a look at your Company, https://www.getwhale.co/  Since your firm is only offering 4.2%, were you trying to market in San Fran before discovering the Rent Board rate?
Antonio Harmon How to Develop the Best Strategy for Real Estate Investing?
23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
Sam Mori Hello BiggerPockets! New PRO here
25 September 2024 | 2 replies
I'm Sam M. from San Diego,CA.
Omeed Owhadian Purchasing Section 8 Housing in Texas
24 September 2024 | 3 replies
Hello,I live in California and I am wanting to get into realestate investing.I am interested in Texas Section 8.If you don't mind I would appreciate if I can speak with you to be more comfortable investing. 
Account Closed Average cap rate in Vegas right now?
24 September 2024 | 10 replies
Account ClosedVegas has been getting a lot of investment from CA and not just sports teams.
Michael Davis Need someone to stamp plans ASAP
26 September 2024 | 10 replies
However if his titleblock says architect and he represents himself as an architect at least in California you need to stamp and sign the drawings regardless of if the building type requires an architect.
Ray Detwiler Transfer of home to LLC and future vulnerability/liability
27 September 2024 | 11 replies
When I bought my first and second rental properties in Indianapolis while I was living in California, I initially purchased them under my name to secure personal mortgage loans.
Gustavo R. Avoid double taxation while flipping in Baltimore but residing in Canada
27 September 2024 | 18 replies
You need to ensure you don't get into a situation where the US is taxing your worldwide income, though in CA there are tax credits to avoid double tax its still not ideal
Muhammad Rehan Need advice regarding which areas to target for out of state investing
23 September 2024 | 29 replies
I am based out of California.$$ Range = max 250kDown payment = max 25%Goal = Positive cash flowBelow are the areas i have done some research on so far.Fayetteville, NC Like the fact that there property taxes are low, hence the rental comps vs expenses (mortgage + property taxes + hoa + insurance etc) are kind of breakeven or slight positive cash flow is possible.
Adriana V Alvarado House Hacking Bay Area (3.5% down, owner occupied)
23 September 2024 | 8 replies
I am looking to at least break even in California.