Brendan Jones
First property advice
9 January 2025 | 9 replies
Given your situation, a property closer to Nashville might be more advantageous for short-term rentals like Airbnb, as proximity to a popular city typically attracts more guests and higher rental income.
Keith Watts
Excited to see what the future holds... (Flips, Rentals, and Other Strategies)
28 January 2025 | 9 replies
BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.
Joshua Nichols
21 Year Old Flipper
28 January 2025 | 6 replies
I use the fix and flip tab and it's great it tells me my allowable offer and all the tools are helpful!
Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
If someone isn’t willing to provide ID, they are not a serious applicant and possibly a scammer, so it’s a good screening tool to weed out the tire-kickers and sketch balls.
Alan Asriants
Why BRRRR is not an effective strategy today...
29 January 2025 | 43 replies
Even in those cases, it’s difficult to create a significant gap between the purchase price, rehab costs, and ARV (After Repair Value).Investing in today’s market is incredibly challenging, and I’ve found that the BRRRR strategy is one of the least effective approaches right now.Let’s keep in mind that BRRRR gained popularity before 2020.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
Nhan Phan
Learn how to find profitable long term rentals
13 January 2025 | 6 replies
Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool.
Kenny Smith
2024 by the Numbers....
5 January 2025 | 1 reply
Built to rent communities are also becoming more popular.
Jonathan Small
Sunshine State Showdown: Why Invest in Florida Real Estate?
8 January 2025 | 3 replies
While this can be good for long-term appreciation, it can also impact cash flow for buy-and-hold investors.Insurance Costs: Florida's hurricane risk can translate to higher insurance premiums for property owners.Competition: Florida's popularity attracts a lot of investors.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
•Deal evaluation: Simple, actionable advice or tools to help me confidently analyze and structure deals.I’m also looking to network with wholesale-minded agents, understand local buyers’ preferences (buy boxes), and explore mentorship or partnership opportunities that can help me gain momentum.I’m eager to learn, take action, and build something impactful for my family.