16 October 2024 | 11 replies
I come from a background of buying dental offices, and if you don't have 3 years income to compare you cant' really tell how things are going for that particular office.
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16 October 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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14 October 2024 | 2 replies
Hi there,Considering a duplex as your primary home and renting out the other unit is a great idea, but you need to understand how interest rates work in this scenario.When you buy a duplex and plan to live in one unit, you can still qualify for a residential mortgage, which typically has better interest rates compared to commercial loans.
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16 October 2024 | 15 replies
He compares that to cold calling, where he was getting better results.
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14 October 2024 | 19 replies
., with high appreciation, you can use cash-out refinancing to buy additional properties with minimal additional capital from your savings.Lasts throughout your lifetime: For your tenants to continue paying similar rent, they must remain employed at comparable wages.
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13 October 2024 | 9 replies
I used to work in the area, not personally investing there, but I have helped handfuls of investors secure financing in Dutchess and Ulster counties, I do know it’s seeing some heightened interest from investors due to its proximity to the ever-expanding NYC and relatively lower property prices compared to alternative areas.
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17 October 2024 | 14 replies
I would do some research on comparable properties to figure out the best pricing.
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18 October 2024 | 25 replies
Take for instance my B+ located quadraplex consisting of 2 Bedroom units in Philadelphia that rent for just shy of $3,000/m and compare my building to the nearly identical quadraplex building in a C location in Philadelphia were the rents are $1,200/m.
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16 October 2024 | 11 replies
So, for foundation, electrical, plumbing etc I would assign very little additional value over the comparable remodeled properties.
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14 October 2024 | 3 replies
I know nothing about Airbnb's so considering an Airbnb compared to a lease on a SFH.