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Results (10,000+)
Alec Jacobs What bank account should I use for my rental property?
29 January 2025 | 4 replies
If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.
Eric Lopez Estimating Operating Expenses
6 February 2025 | 8 replies
A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too
Ofir R. 50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
Aaron Costello Finally Setting up my account
21 January 2025 | 7 replies
I'm working on getting my bigger pockets pro account finalized even though I've been a member for about 1.5 years.
Albert Gallucci How do you detirmine the class of a Property
27 January 2025 | 12 replies
@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.
Michelle Baldwin PMS Software to Link 2 Separate VRBO Accounts
18 January 2025 | 6 replies
You can have an email for each account and you should be able to set your phone up see multiple accounts at once should you get inquiries or messages.Just log into each account to make updates and price changes.
Lorraine Hadden Sellers/Agent Placed the EMD in an Interpleader Account w/the CA Courts
24 January 2025 | 3 replies
Sellers had multiple "accepted" offers and all were placed in interpleader accounts
Jeffrey Bourque Real World Good or Bad Deal
3 February 2025 | 4 replies
Ask for historical financials and what adjustments were made for the OM. 
Anthony Chan Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
4 February 2025 | 3 replies
Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).
Scott Scoville Buy & Hold Historic Duplex in Sacramento
4 January 2025 | 16 replies
We purchased this buy and hold historic duplex which faces William Land Park in Sacramento.