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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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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 | 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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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.
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20 October 2024 | 84 replies
By the time you want to rest on your laurels, it would be good to have your loans not only paid off, but are also ahead of your future capex, meaning all major things already upgraded.