
18 October 2024 | 6 replies
Register for courses covering the BRRRR method and Subject To financing2.

17 October 2024 | 0 replies
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

17 October 2024 | 14 replies
I am sure there are lots of different reasons for it. well they were replaced by those crossing the border 750k out of 42 mil probably not that big of an impact.. traffic is still really heavy I was just there last weekend in the SF bay area no signs of the state looking like some of the dead cities one finds in the rust belt or deep south.

17 October 2024 | 4 replies
Is there any type of document I can make the buyer sign for these 2 weeks he will be occupying the property in order to cover myself?

17 October 2024 | 4 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

17 October 2024 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

15 October 2024 | 9 replies
Similarly to what was said above, if you are looking for a younger audience that is more social media heavy, than it could be an option.
16 October 2024 | 11 replies
We've seen buildings with heavy rent rolls but nowhere near that amount in cash collected.

17 October 2024 | 12 replies
Typically, as the wholesaler, you pay for the inspection upfront, but you can sometimes negotiate this.In New Jersey, the end buyer usually covers closing costs in an assignment deal, but it should be clearly stated in the contract.Let me know if you need more details or further assistance with financing!

20 October 2024 | 84 replies
If you're cash flowing positively, gaining natural appreciation, your interest rate is reasonable and your tenants are paying down your debt I don't see why you would want to make extra payments, personally, unless maybe you're ready to retire and need the extra monthly income to cover your living expenses, or you're worried about hitting a rough patch and not being able to make the payments.