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5 April 2021 | 22 replies
It seems that rent control can in some cases prevent investment in rehabbing/improving properties in good times (because folks can't come in, create vacancy in occupied units, and remodel whole structures), and might contribute to an increase in vacancy in downturns, which is something I had never considered as a possibility until today.All in all, this property is a massive, massive winner for this fellow, accounting for nearly 50% of his net worth.
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4 March 2021 | 0 replies
I have loved all that BiggerPockets has to offer and have been trying to soak up all I can. In
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15 June 2021 | 5 replies
Build out the biggest storage areas you can in the space.
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30 December 2021 | 4 replies
Also if you can email them all or as many of the documents as you can in one email.
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26 March 2021 | 19 replies
For example, the 4 bedroom student condos can in some cases bring 450-500 a room, but it's not a guarantee to get all four rooms rented.
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17 March 2021 | 84 replies
Recently mortgage interest rates are usually quite low to where it is very easy to make a profit by using leverage to finance your property as your money can be invested elsewhere (ie. solid dividend stock) that will yield more annual profits.Conversely, if mortgage rates ever go back to being higher to where other investments returns would not cover those rates, then you would not want to be leveraging and pay as much as you can in cash.
18 March 2021 | 11 replies
The one disadvantage is that if you are renting by the room you really can't count that as income to help you qualify in the same way that you can in a 2-4 unit with rents.
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26 January 2021 | 8 replies
Learn everything you can in 6 months and then start making offers.
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25 January 2021 | 7 replies
My goal is to stage and present it as well as I can in order to get top dollar.
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28 January 2021 | 5 replies
SpecificityHard money lenders can often act more quickly than a bank can. In