
3 October 2024 | 6 replies
@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.

1 October 2024 | 2 replies
Thinking of trying to passively invest with them and would like to see if anyone here already had an experience of working with them in investor capacity.The company's profile on BP is not very informative: https://www.biggerpockets.com/co/financialattunement.

2 October 2024 | 2 replies
If I/we had started buying investment properties (even 1 a decade) it would greatly have improved our financial wellbeing.Learn from my regret

2 October 2024 | 4 replies
The main issues are: 1. gross revenue has been less than half the projections the PM initially provided and what is on AirDNA, and 2. gross revenue has dropped 30% from last year to this year despite me investing over $125K in improvements (new pool, new fire pit, new landscaping, new dog yard).

2 October 2024 | 4 replies
Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation).

4 October 2024 | 17 replies
Even though they planned to refi after five years, the seller financing did not require it, it was a 30 year term.Overall I think I did a decent job of evaluating the property (still some room for improvement there), but not the people.

1 October 2024 | 16 replies
One piece of advice that I often give out to people is to find niche microcommunities that fit either your offer or your profile/personality, and this is a prime example of this.

2 October 2024 | 9 replies
This helps break down the purchase price between the land, the trailers (which may qualify as personal property), and any improvements like utility hookups.

1 October 2024 | 8 replies
Realtor says another deal fell through because it didn't fit their needs for an event location.We'd be coming in with 20% and look at about $10k in initial improvements.