Elizabeth Rose
Underwriting a PadSplit deal - assumptions and operating expenses
4 December 2024 | 9 replies
I've read a lot of posts in the forum here on the pros and cons of this strategy... what I would love is some insights from actual PadSplit hosts on the assumptions/operating expenses to take into account when evaluating a property.
Veronica Morss
Lead Cert & Rental Registration: Has anyone been able to rent out prior to obtaining?
5 December 2024 | 4 replies
The city of Cleveland is a terribly inefficiently ran city.Appreciate the insight
Paul Cijunelis
Started a new PM!
5 December 2024 | 4 replies
Question for the experts here, for lead/radon disclosure, I am aware we need the form for tenants, but do you get the actual owners to disclose on the properties in their portfolio if they are aware of lead based paint?
Ava Petruso
New Member in St Louis
5 December 2024 | 2 replies
Don’t hesitate to reach out if you need insights or just want to bounce ideas around!
Paul Biscontin
Ready to start!
4 December 2024 | 2 replies
It’s great to see your enthusiasm, and this community is full of valuable insights that can help you on your journey.
Scott Davis
Looking for feedback on PCS
3 December 2024 | 6 replies
The entire reason I hired a company is they are the experts and I expect them to take full accountability of making sure I am in the know and 100% compliant.
Andrew Pierce
Doctors Loan/Conventional Loan = You Must Occupy the Property forever?!?
8 December 2024 | 10 replies
Quote from @Andrew Pierce: @Patrick Roberts thanks for your helpful insights.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊 Thanks for the response and insight Anthony.
Janet Runes
Time to Sell? Swansea SFH
6 December 2024 | 9 replies
@John Williams Thanks for the insight, that’s helpful.
Justin Bradbury
In the educational phase, looking for more resources
4 December 2024 | 6 replies
Listen to the BiggerPockets podcast for expert advice, read books like "The Book on Rental Property Investing" and "Set for Life" by Scott Trench, and join local real estate investing groups or meetups.