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10 December 2024 | 8 replies
@Dakota Williams While it’s nice to improve the ARV and obtain appreciation for when you sell I’ve discovered that most of the time I can’t access that “hidden value” because to refi out the new value would leave the property with negative cash flow.
5 December 2024 | 11 replies
Or if you plan on staying in the property for a while, some people aim to just pay less than their current rent.In a real estate market where housing affordability is a major concern, house hacking actually stands out as an even more valid strategy than ever for buyers.
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4 December 2024 | 8 replies
These are my exact questions and concerns.
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9 December 2024 | 15 replies
Your decision and actions here to leave a false review and then delete your account to remain anonymous reiterates your character.
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4 December 2024 | 12 replies
How can I effectively address the concern of losing Airbnb reviews when convincing a potential client to switch from Evolve to my local property management company?
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4 December 2024 | 9 replies
Missed evictions - tbh I'd just underwrite a little bit higher vacancy than what people are telling you if you're concerned about it.
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4 December 2024 | 2 replies
Obviously speak to a lawyer or someone with more knowledge, but I have heard of people leaving their FHA home before the first year is up for much worse reasons.
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5 December 2024 | 4 replies
To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.
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2 December 2024 | 1 reply
Can you give me some thoughts and insights about Brandon Turner leaving and its impact in the community of BiggerPockets?
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3 December 2024 | 3 replies
However going into what is normally the slow season, I am concerned about occupancy.