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12 December 2024 | 2 replies
Some use very specific goal setting metrics, some use more general goals, there is no right answer for every person, but I am willing to bet that those that set some goals will be more successful in the upcoming year than those that do not.
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11 December 2024 | 7 replies
It'll be property specific depending on the condition but I'd say anywhere around 5% is going to be a number to start with. 5% cap ex. 8-10% for management. 5% for vacancy.
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11 December 2024 | 1 reply
Hey everyone-We have clients looking to dive into out-of-country investing in Ireland specifically.
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16 December 2024 | 23 replies
If so, I am curious the thoughts and drives behind that, like, maybe really wanted exact answers to you so thought posting on your specifics was best approach?
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12 December 2024 | 6 replies
If the covenant specifically prohibits renting out rooms or STRs, you may be restricted from doing so.You should carefully review the covenants tied to your property to understand the specific restrictions.
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11 December 2024 | 10 replies
The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?
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14 December 2024 | 6 replies
If you're not set on a specific market, it's worth waiting until you choose, as forming the LLC in your target state can simplify compliance, property registration, and taxes.
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13 December 2024 | 7 replies
The best thing to do is look up property taxes on county/town websites to get an idea for specific properties.
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13 December 2024 | 5 replies
@Spencer ManningYour other questions were answered except for last one.S8 vouchers are for a specific number of bedrooms and rent amounts.So, a S8 tenant must find a property with rent that does not exceed their voucher amount.This stops S8 tenants from renting Class A properties and most Class B.Currently, Fair Housing does NOT protect source of income, so unless a state or local government has passed a law stating otherwise, landlords do NOT have to accept S8 vouchers.
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12 December 2024 | 10 replies
There is not chart, there is a website called Vyzer that tracks this if you are an investor and use their platform.I know this does not give you a specific answer of XYZ, but I hope this helpsPS:As a moderator I am not employed by BP but volunteer to moderate the posts to make sure they meet community guidelines.