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27 January 2025 | 12 replies
You should contact the Virginia Beach assessor's office to update your mailing address.
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30 January 2025 | 2 replies
highlight_post=6413855&page=1https://www.biggerpockets.com/forums/92/topics/929410-rent-to-retirement-updates?
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23 January 2025 | 30 replies
I will update my reports to federal law enforcement about these activities once I have completed debunking all of his new claims.
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28 January 2025 | 8 replies
UPDATE: Just chatted with the city and learned that variances have a high threshold for approval.
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21 January 2025 | 40 replies
There have been a few things that I feel like they could clean up, but it seems like they work hard at updating it to provide a lot of value.
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19 January 2025 | 17 replies
@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.
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6 February 2025 | 13 replies
I’ll keep that in mind and look for properties that need mostly cosmetic updates.
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6 February 2025 | 6 replies
I also like Haverhill as a peripheral city to Boston - commuter rail stop, close to major highways, and nice downtown with some municipal improvements on the way.PROPERTY OVERVIEW:Unit Mix: (3) 2BR units, (1) 1BR unit, plus parkingRecent Upgrades: New roof, updated electrical panels, new hot water heaterLocation: Walkable to downtown in a well-established neighborhoodParking: Dual driveways provide off-street parking for tenantsRENOVATION SCOPE & COSTS:Limited photos available, but if the rest of the house is in similar condition, likely cosmetic rehab only (~$30K per unit).Potential upgrades include paint, flooring, kitchen cabinets/counters, and appliances.Ideal for a DIY landlord or owner-occupant looking to add value, but also works well for any investor seeking cashflow.MARKET RENTS & INCOME POTENTIAL:Market Rent Estimates (based on local comps):2BR Units: $2,200 - $2,500/month1BR Unit: ~$2,000/monthTotal Potential Rent: ~$8,600/monthCurrently Fully Tenanted:Current rents cover mortgage payment.Would need to manage tenant move-outs before renovations, which could delay the project.Evictions may be necessary if tenants do not leave voluntarily.FINANCIALS & PROJECTED RETURNS:Financing Assumptions:20% down payment, 7% interest rate, 30-year fixed mortgagePrincipal & Interest (P&I): ~$4,524/monthAnnual Expenses (including taxes & insurance): ~$17,000Utility Costs:Heat is not separately metered, leading to higher utility costs (factored into analysis).Projected Cash Flow & Returns:10% cash-on-cash return once stabilized$31K+ annual cash flow5-year total ROI ~95%, factoring in principal paydown and 2% annual appreciation
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5 February 2025 | 18 replies
Hi is there any update on working with this company: Murthy Chintalapati at Elite Financing LLC
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23 January 2025 | 9 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.