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25 September 2024 | 6 replies
Alot of details go into pricing out income and expenses so using the BiggerPockets Airbnb Calculator could help see what expected expenses you can expect.
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25 September 2024 | 14 replies
Most S8 tenants have a history of bad decisions and from all that, many have only learned how to game the system.We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher and pretend to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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25 September 2024 | 18 replies
I also do not expect high W2 income for 2024 and beyond, so 2023 might be the best year to do this for the best tax savings.
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26 September 2024 | 7 replies
If you're maxing it out at 80% LTV on an investment property, you can probably expect something in the 9's or 10's.
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27 September 2024 | 6 replies
The completed expansion is expected to reduce travel time from Mobile to the Eastern Shore, increasing reliability and accessibility to jobs, educational facilities, medical services and recreational activities.
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25 September 2024 | 1 reply
With demand outpacing supply, we expect rents to continue rising.In terms of the sales market, we saw a similar slight slowdown in days on market compared to the hot Q2 but prices are held steady.
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25 September 2024 | 37 replies
With a DSCR loan, you should expect up to 80% of the purchase price as the loan amount.
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25 September 2024 | 16 replies
Not to say every off market transaction is a bad deal, or to imply that every listed property has realistic pricing expectations, but there is more motivation to move a property that is listed.
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26 September 2024 | 10 replies
@Joshua DunlapRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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26 September 2024 | 17 replies
If you can get the leases, build your proforma and expectations on how you will operate, not on historical evidence.If the seller is willing to open the books once you're under contract, than build that into your offer and due diligence period.