Sam Hanaa
Chatting about Windsor,ON
25 January 2025 | 11 replies
However while people in Windsor doesn't have the luxury of high paying jobs that GTA residents have, is it just a temporary fever of buying houses, or there is really something going on in this city ?
Kris L.
Selecting the right agent
26 January 2025 | 12 replies
The first agent is absolutely certain the house will sell in the high 400’s.
Samantha Benz
Should I go to BPCON?
28 January 2025 | 9 replies
I highly suggest you go.And it's VEGAS!!!
Christopher Reynolds
Colorado based rookie
28 January 2025 | 7 replies
While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.
Leon George
New to BP Community
24 January 2025 | 13 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Tarun Kumar
Guide me from Scratch
30 January 2025 | 6 replies
Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!
Rick Im
2nd mortgage lender
17 January 2025 | 4 replies
I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2.
Melanie Baldridge
!ualify as an RE Pro
24 January 2025 | 0 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
Thanh Lu
For owners, self management vs hiring a vacation rental company?
31 January 2025 | 19 replies
PM fees are high, exactly because so much work is required in managing STR.