Chantelle Lewis
Property manager recommendations - LA County
24 January 2025 | 3 replies
I’m currently available to take on more cohosted homes, so if you or someone you know is in need of support, I’d love to help!
Tyler Munroe
Investment Deals in the Boston Area EXIST!
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
Edward Barrett
Section 8 for newbie investor?
5 February 2025 | 9 replies
Connect with a housing coordinator if that position is available in your area and stay in contact with that person.
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
If not, who do you believe the natural buyer is and why do you believe they will pay retail when they can replicate what you accomplished with any number of available properties on the market at any given time?
Suzanne Chan
Fully stabilized 33 unit apartment complex
17 January 2025 | 2 replies
Amenities include, laundry, assigned parking, and wifi available for each unit.
Luis Fajardo
Scott Bessent Confirmed as Treasury Secretary: What It Means for R.E Investors.
28 January 2025 | 1 reply
Take full advantage of available tax incentives by working closely with a tax professional.
Keith Watts
Excited to see what the future holds... (Flips, Rentals, and Other Strategies)
28 January 2025 | 10 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
We have 8 business entities availing of their services, and as "advisors", they should make business life easier -- not add more work on your plate --- but instead, my team and I have been checking for mistakes, or following up on action items, missed deadlines, and paying penalties to the IRS and Secretaries of State due to their negligence.
Jack Pasmore
Property Managers – How Are You Handling Tenants Who Aren’t Paying Rent?
6 February 2025 | 7 replies
They may have more time available to get the tenant up to date with their dues.
Suzanna Gittrich
new CRM. I currently use Followupboss, propstream-- looking for best bang for my buck
30 January 2025 | 12 replies
Would you be available to show/teach me how to setup Podio?