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19 May 2024 | 20 replies
The second aspect is how viable it is for me to buy and sell in a particular market that is far away and where I’ve never visited.
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17 May 2024 | 6 replies
All these SINGULAR city charts/metric to INFER a MSA weight are best defined as GIGO, Garbage In garbage Out.
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17 May 2024 | 6 replies
Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.
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17 May 2024 | 1 reply
This is an extremely important point, because if there is no clear rules defined by each person, then it can be confusing and lead to anger or resentment between partners.
17 May 2024 | 5 replies
I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say.
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16 May 2024 | 10 replies
For this you have to define your strategy first before defining the filtering. - Learning Resources: learn by doing, go to meetups, you can read many books, though it will need to be up to you to decide.
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16 May 2024 | 5 replies
It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersWishing you the best!
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17 May 2024 | 21 replies
But if they can get the money and the tenant is a favored customer (or very pushy and persistent) at his bank (the RFDI) they can pull back two years worth of payments.https://www.nacha.org/news/new-rule-defines-time-limit-claim...
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20 May 2024 | 177 replies
I personally don't like the Class A aspect because those get hurt the most in a recession.