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17 October 2024 | 10 replies
Will post open properties to most major sites including realtor.com
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16 October 2024 | 12 replies
Be cognizant of their time and I personally write out the major questions on a post it to make sure I hit them as I talk.
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20 October 2024 | 32 replies
Since the potential properties can be removed from the list in last min, my major concern is when i fly in, the properties i'd liketo bid on could be already invalid from the list at auction.
17 October 2024 | 2 replies
Besides land, infrastructure/site work, and the building construction itself, am I missing any other major category of costs?
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16 October 2024 | 8 replies
Thankfully, no major repairs were needed after Milton.
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18 October 2024 | 8 replies
I imagine some bad apples will do this and charge by the page rather than the complexity, but I'd like to think that the majority operate in good faith.
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15 October 2024 | 4 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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17 October 2024 | 20 replies
Then I've seen more experienced investors on BP explain things using finance terminology and I'm not a finance major or work in any part of finance, trading etc - maybe I'm just dumb and am sharing two brain cells with my cat LOL I am guilty of using LTR (Long Term Rentals), MTR (Mid Term Rentals) and STR (Short Term Rentals).
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15 October 2024 | 3 replies
Hey BP family,I’m excited to share a major win with you all!
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17 October 2024 | 6 replies
I househacked 4 times and the 2 I still own here in Austin pay the majority of our mortgage on our primary residences we bought this year.