Torrean Edwards
Stepping out on faith, but looking for support/advice
20 January 2025 | 18 replies
On buy-and holds we usually replace all the plumbing with pex, no matter what, because galvanized has a life expectation of about 60 years, so I usually take the sooner than later approach.Stick with hard money, like Mach1 or or MKE hard money (Scott Lurie) as they will not leand on a deal that does not pencil out, so you have the added benefit of someone experienced looking over your numbers.
Matthew McCarty
Started out, need advice. Already have one property and have 100K in the bank.
28 January 2025 | 6 replies
I plan to put down $50,000 and expect to net about $300 a month from it.Does anyone have other options or advice that I should consider?
David Shaun
Hit $200K in Cash Flow in 2024
16 January 2025 | 38 replies
Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?
Leon George
New to BP Community
24 January 2025 | 13 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?
Marc Shin
Should I be providing my guests with free Netflix?
23 January 2025 | 11 replies
I've never had a single complaint from any of my STR guests regarding not providing streaming services.Also, be sure to set that expectation up front in your listing - let guests know you provide high speed internet and have smart TV's so they need to bring their own log-ins if they want to use any streaming services.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
Realistically you would expect the house to continue to appreciate during that time as well... even if at 3.33% appreciation - that is another $50,000 in appreciation you would make in the 3 years - give or take.
Joshua Martin
Forced Equity Cash out
31 January 2025 | 6 replies
You’ll want to weigh the interest rates and closing costs against your expected timeline.
Jordan Miller
Does this property make sense to hold onto?
31 January 2025 | 4 replies
Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?
Giovanni Vazquez
Financing ADUs without equity
21 January 2025 | 3 replies
Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.
Joe S.
Is there a demand for Short term rentals in Kyle Texas?
30 January 2025 | 11 replies
Would give you a good idea as to what to expect.