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Results (10,000+)
Vincent DeLucia Any thoughts on Detroit, Mi and the surrounding Cities
31 October 2024 | 6 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Alyssa Lake What kind of terms would you expect for this kind of deal?
1 November 2024 | 7 replies
They typically can do higher LTV's and are more lenient with variable conditions as long as the deal is solid. 
Deepak Malhotra Line of Credit on Property in LLC
4 November 2024 | 19 replies
That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.
Maurizio Pisciotta Seeking Guidance on Starting an Out-of-State BRRRR Investment
2 November 2024 | 10 replies
I typically am on site every day during a rehab.  
Clint Kelly Job Costing Software for Flips
31 October 2024 | 8 replies
typically have 3-6 renovations or new builds going at a time. 
Kim Hardman North Texas - Ready to Get Started!!
1 November 2024 | 11 replies
Of course I don't know what you have, but typically what I see is probably better to sell it and maybe buy two in Someplace like Sherman if your resources allow that.
Ray Hage Is 1031 exchange possible with seller financing?
1 November 2024 | 5 replies
Find a buyer who will offer you a typical standard transaction or you may be messing around with a seller financed deal for 6-12 months and then it falls apart anyway.
Paul V. 1031 Into Passive Investment Through TIC?
1 November 2024 | 5 replies
Typically: Pros: - Fully passive- Equity growth (hopefully) - Smooth process Cons: - No control- When they liquidate, you liquidate and need to 1031 again (usually they have other funds set up, however) - Make sure debt is rolled over correctly Hope this is helpful!
Roohil Hamid $3000 Water Bill in Akron, Section 8 Tenant
31 October 2024 | 5 replies
The tenant has been facing these excessive charges for about three months but only just reached out to me.In Akron, I understand that the property owner is typically responsible for the bill, though our lease specifies that the tenant is responsible.
Melanie Baldridge Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Typically, tangible personal property qualifies, but real property does not unless it meets the definition of qualified improvement property.* The importance of consulting a CPA—The Section 179 election can be a valuable tax strategy, but it’s also complex and should be made in the context of your entire tax picture.