Derek Stevens
Valuation of unconventional and profitable STR property
26 December 2024 | 18 replies
The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.
Kay S.
Closing Costs for Seller Financing?
15 December 2024 | 6 replies
For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).
John Cooper
Difficult Tenant: Escalating Issues & Safety Concerns
25 December 2024 | 10 replies
Note: I have not formally warned the tenant about any of these issues.I am seeking guidance and advice from the BiggerPockets community on how to navigate this challenging situation and successfully evict this tenant.Disclaimer: This is a complex situation, and I understand that legal advice is best obtained from a qualified attorney.
Ken Latchers
Booking.com. insane not to use.
9 January 2025 | 59 replies
They will put it in your bank account. at a higher price, Airbnb is mostly crickets and booking.com continues to bring in good traffic booking.com has been very smooth and the whole review mantra with Airbnb is almost non-existent yes somewhat complex to set up.
Blake Kirby
1031 Exchange Phoenix vs L.A.
21 December 2024 | 6 replies
This is what is pushing up rental demand for small MF properties that having lower rents, fees, or total move in costs compared to other larger commercial apartment complexes.
Antje Klatte
Dallas / Ft. Worth - where are the A, B, C, D areas
12 December 2024 | 3 replies
This is a complex question, that requires answers with exceptions, caveats, and explanations, but here are rough examples:A.
April Smalls
Should I Refi?
18 December 2024 | 12 replies
Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.
Luis Herna
is wholesaling in texas legal without license?
10 December 2024 | 10 replies
For example, a post may say:We have a deal in dallas texas, a complex apartment - 400 units Class A. huge cash flow.In the above example, we are not claiming we are the owner of the prop, we are not claiming to have a equitable interest in the deal.
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
Going into the unknown and buying multiple SFHs/duplexes or an apartment complex OOS and my property taxes will skyrocket (property tax is reasonable thanks to Proposition 13 in CA).
Chris Primavera
Considering first time STR investment in Gulf Shores area, looking for advice.
10 December 2024 | 9 replies
There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally.