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16 January 2025 | 1 reply
Before bigger pockets moved the rent estimator to pro users only it estimated rent to be around $975 I don't know or have anything to go by but I thought that was high.
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12 January 2025 | 7 replies
The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.
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11 January 2025 | 4 replies
Also Condos are dealing with high special assessments.
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14 January 2025 | 5 replies
There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!
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12 January 2025 | 5 replies
If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.
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11 January 2025 | 9 replies
Are their listings detailed with good-quality photos?
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16 January 2025 | 19 replies
The most common answer, especially in recent times, is highly levered, floating rate debt.This is not the only answer, by any means.
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3 January 2025 | 5 replies
I'm in the middle of a BRRRR too and I chose to have Sherwin Williams color match "inchyra blue" for walls I usually just go with Behr but with cabinets, will be so much easier if you have high quality paint!
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14 January 2025 | 6 replies
Rate will be highly dependent on loan size, credit score, LTV, location, and property type, as well as a few other factors.
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19 January 2025 | 8 replies
For the PA investors out there or maybe in other states with high transfer taxes (2% of property value).