Patrick Wood
Investing seed money: what financial instrument to use as a bucket
14 January 2025 | 2 replies
My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?
Ryan G.
Investment Property opportunity assistance
6 January 2025 | 5 replies
Hi All, and thank you for your help in advance. I have an opportunity to purchase an investment property that is NOT ON THE MARKET yet. Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or s...
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
13 January 2025 | 17 replies
In its current state:Current NOI: $79,058 (based on 80% occupancy).Current Cap Rate (at $1.25M): 6.32%, reflecting the property’s as-is performance.Value at a 7.5% Cap Rate (Market): $1.05M, based on current NOI.Given the renovations, vacancies, and risks tied to stabilizing the property, I’m considering offering $850K to reflect its current state and value-add potential.
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
19 January 2025 | 13 replies
I'm curious, at what point does this reflect poorly on PM and suggest I should get antoher PM?
Caden Wakim
Marketing to off market sellers via virtual assistants
15 January 2025 | 2 replies
Hey all. I run a full time flipping business, right now i am able to do 2 homes at a time. Looking to broaden my lead flow. Does anyone use, or have any experience with VA's for cold calling? I pull pretty solid lists...
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
If private companies continue to provide the insurance, I suspect we will see further increased premium costs which will need to be reflected in the rents tenants pay (all tenants: LTR, MTR, STR).
Phillip Austin
TREND - PM companies offering financial assistance for security deposit down payments
27 December 2024 | 8 replies
As a professional property manager, I'm coming across an interesting trend related to institutions providing financial assistance for tenants who have trouble paying their security deposit and I would love to hear feedback from the BP community.Large PM companies have begun partnering with financial institutions, such as Rhino Insurance, to help tenants who struggle with paying their security deposit.
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
The price should reflect the current performance, not the seller’s expectations for the future.Seller financing is a big plus.
Brandon Morgan
mistake in lease! what to do?
11 January 2025 | 5 replies
If they push back, you might consider adjusting the rent to reflect the change.
Rene Hosman
How do you keep yourself accountable to your goals?
13 January 2025 | 5 replies
Helps me reflect on the day and see what needs to change in that