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2 January 2025 | 2 replies
Any recommendations for Umbrella insurance providers for each partner to cover any liability?
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4 January 2025 | 14 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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31 December 2024 | 4 replies
In 2023 I bought one house, invested in one syndication, and focused on fixing up existing properties.
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31 December 2024 | 20 replies
Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.
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30 December 2024 | 7 replies
Here's one of mine:I acquired a building towards the middle of the year with an existing commercial tenant.
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2 January 2025 | 11 replies
Walking score of 95.Pre COVID rental numbers:Monthly gross rent $15,250Cap rate 7.1%Future rental numbers:Estimated Monthly gross rent after current tenants move out $13,950Cap rate 6.5%Because monthly rent looks to be about 20-30% more if you rent by the month, I am considering renting out my duplex for monthly rentals on Airbnb/other sites and potentially for travel nurses (ideal because several hospitals are walking distance to my house).
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12 January 2025 | 28 replies
I plan on being on the road here for work in the next day or two and wanted to try and make sure I have everything covered before I leave.
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2 January 2025 | 13 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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31 December 2024 | 66 replies
Now the deposit covers up front costs , some materials , overhead and PROFIT .
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28 December 2024 | 1 reply
Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.