Steven Moutray
New to REI, Building foundation
16 January 2025 | 3 replies
Use tools like the BiggerPockets calculators to run the numbers and ensure the properties align with your investment goals.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.
Thanh Lu
How to screen guests who book directly instead of Airbnb, VRBO, etc
15 January 2025 | 12 replies
For payments, tools like Stripe, PayPal, or booking software like OwnerRez work well.Happy to connect if you’d like to chat more or need additional tips!
Eli Fazzo
Real estate investing in South Carolina: Worth it at 6% property tax?
4 February 2025 | 38 replies
It would likely be comparable to what you pay in the NE.Just google "Lexington County tax estimator" or whatever county you're interested in and you'll usually find a web tool from the County you can use to estimate the tax bill based on the previous year's assessments.There is also a law called the ATI tax exemption that can potentially lower than 6% rate by 25%.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
Aaron Costello
Finally Setting up my account
21 January 2025 | 7 replies
There are special tools available just for Pro members.
Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.
Troy F.
Does anyone use VRBO or Airbnb dynamic pricing?
9 January 2025 | 15 replies
.: I'd like to know if hosts are using the dynamic pricing tool on Airbnb and VRBO.
Schuyler G.
Building a Tool to Find Out—Help Needed!
28 December 2024 | 7 replies
My goal is to build a data-driven tool that provides actionable insights into which neighborhoods and property types are in the highest demand, based on metrics like:Time on market: How quickly rentals are being leased.Property characteristics: Bedrooms, bathrooms, size, and amenities.Pricing trends: Rental rates relative to market demand and property features.Visual quality: Leveraging property photos to analyze the style and condition of rentals that perform well.The tool will allow users to:Pinpoint areas with the fastest rental turnovers.Understand what types of properties (size, price range, features) rent the quickest.Gain deeper insights into property presentation and amenities that correlate with high demand.Thank you in advance for your feedback.
Ashley Wilson
Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
A coaching program is a partnership, and your success depends on your willingness to take action.Final ThoughtsA coaching program can be a powerful tool for accelerating your real estate investing journey.
Jeremy Torres
Buying a quadplex
7 February 2025 | 13 replies
And I also realized that we would have to re-tool our operations, which are 100% specialized to the type of property we have.So you don't have to go bigger, unless you want to.