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Results (10,000+)
Eric Andersen Looking for help with Dallas/Fort Worth (DFW) short term rental market
11 January 2025 | 11 replies
Airdna is a good resource and tool, but I wouldn't rely solely on that platform for data.
Andrew Katz What year do I count income for?
15 January 2025 | 9 replies
I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.
Rob Beardsley Top 10 Reasons to Invest in Pittsburgh
5 January 2025 | 8 replies
The analysis also reports that new multifamily development will “remain near the average recorded over the past five years”.Integra Realty Resources’ 2017 Commercial Real Estate Trends Report ranks Pittsburgh #2 on its Top Markets by Multifamily Transaction Volume Based on YoY Change.Pittsburgh’s rental vacancy rate has declined by 25% over the last five years.Pittsburgh is booming with developments (see reference #6), “there is no better place to be a developer right now than in Pittsburgh.
Daniel Borgenicht Investing in a condo as a long term rental
13 January 2025 | 3 replies
Congrats on achieving a comfortable financial situation.Condos are actually riskier than single family rentals. 
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Abraham Shamosh Section 8 Questions
9 January 2025 | 4 replies
My recommendation would be to get approved as a Landlord, contact the director's office and request that an inspection be completed before a tenant is selected (sometimes they will do this as long as you select a tenant within 14 days - which you want anyways), and have an online application and screening resource in place.  
William Nast The big dream: Aspirations of a young man.
10 January 2025 | 6 replies
The @Dave Meyer book Start with Strategy will also be a good resource.
Nicholas Bourgeois Advice and potential connections for new investor moving to Destin/FWB
11 January 2025 | 4 replies
Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.
Marisela Arechiga To ADU or to Purchase Another?
14 January 2025 | 8 replies
From my experience, when I dive into the costs associated with building an ADU—including construction expenses and financing options like hard money loans—it often doesn’t make financial sense.
Elisabeth Hansel Diligent and Determined Rookie!
10 January 2025 | 6 replies
Also, I am so grateful for the Bigger Pockets podcasts and tools/resources because a lot of what I've learned or clarified has been from listening to you all.Thank you for your time, and I look forward to learning from or working with you all!