Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Jason Boring Contractor getting into value-add real estate investing
31 October 2024 | 8 replies
I have done well in the construction industry and am now in a position to pursue real estate investing full time.
Natasha B. Advice and Motivation on ways to approach and achieve this goal?
31 October 2024 | 3 replies
I am trying to be positive and understand that this is possible, but I am not honestly seeing how this is easy for others and not me.
William HooFatt Allow MTR in Condo HOA Board bylaw change?
30 October 2024 | 1 reply
I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!
Errol Graham Accounting and Management tools for Landlords
3 November 2024 | 15 replies
@Errol Graham you're in a tough position - too small for better software systems, but getting too big for spreadsheets.Stessa may be a decent option, as you should be able to track your accounting so you don't miss something or double enter a bill.Depending on the cost of QuickBooks, you may want to look into Buildium.
Teahjsia Frazier Looking to purchase next property
2 November 2024 | 11 replies
Don’t put yourself in a position where buying rentals creates a financial hardship.  
Alyssa Lake What kind of terms would you expect for this kind of deal?
1 November 2024 | 7 replies
Then - once you're stabilized around 90% occupancy - re enter the markets to secure quotes from Freddie / Fannie / HUD / life companies / banks / credit unions.If it's an acquisition perhaps you put short term debt on the property, re-position the asset, then refinance after you're turned the operation around.
Vincent DeLucia Any thoughts on Detroit, Mi and the surrounding Cities
31 October 2024 | 6 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+, 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, 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.
Ram Gonzales Lenders who allow wraps?
29 October 2024 | 9 replies
You'd be in first lien position.
Joseph E. Nothing but Good Options, (but which one?!)
1 November 2024 | 6 replies
The VA really doesn't like second-position loans.
David Maldonado Getting a GC license as an Owner builder
2 November 2024 | 8 replies
I enjoyed the hard labor and comradery that I missed from my Navy days working in engineering.My question is, how do I go about getting more experience on paper without having to commit to an employer/contractor for a long-term position