Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
19 January 2025 | 45 replies
He prides himself on having "realistic" standards and claims to value inner qualities over appearance.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Or try the reverse - rehab a property in a Class D Neighborhood to Class A standards and see what Class of tenant you'll get.
Ethan Slater
New Member Joining BiggerPockets
4 January 2025 | 14 replies
@Ethan Slater here's some info we hope you find useful: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?
Augusta Owens
New member and new to real estate
7 January 2025 | 12 replies
@Augusta Owens here's some copy & paste info you won't find in a book:)-----------------------------------------------------------------------------------------------------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?
Derek Stevens
Valuation of unconventional and profitable STR property
26 December 2024 | 18 replies
Unfortunately - there are a couple of issues here that likely make this hard to finance:-"Cabin style" dwellings typically are difficult to finance as the secondary capital markets treats these differently than standard single family homes as the buyer pool for a "cabin" dwelling is less than that of a standard home.- Yurts: Lenders typically have difficulty financing Yurts as they are moveable collateral.
Richard Robertson
Eco new construction
16 December 2024 | 1 reply
These sorts of shot-crete build homes are more standard than a bale or mud home but are still not standard like a stick built home.Geodesic domes are cool but harder to sell than a standard home.
Sara Donohue
Need Advice: Creative Financing for $100K Land Purchase
24 December 2024 | 3 replies
These can sometimes have more flexible terms than standard construction loans, especially if you can demonstrate strong income through your bank statements.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
When clients come onboard, that process should be explained in great detail and by signing the PMA, you are agreeing with our standard processes and core values.Far too often that process is never fully explained and/or proper expectations are not set, hence new clients try to tell you how to run your business.
Vinny Muli
Tapping into equity on my property that is under an LLC
3 January 2025 | 19 replies
I've found the easiest solution is to have a really strong banking relationship and then they will be able to provide non-standard offerings.
Marshall Robins
Creating Multi-family or Splitting lots for returns in California - SB 9
26 December 2024 | 3 replies
As long as your project complies with local zoning and design standards, you can expect faster approvals.4.