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11 October 2024 | 7 replies
In terms of running numbers, I find that using Rentometer's LTR estimate for your location plus 30% is a good number for right now.
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13 October 2024 | 3 replies
@Rahul Sivaswamy if you use the BP Rental Calculator, it defaults to 5% Vacancy, 10% PM, 10% Maintenance, etc.These are all pretty good estimates, except the Vacancy factor of 5%.
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16 October 2024 | 5 replies
Really appreciate the detailed response.
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16 October 2024 | 10 replies
These days, I’m all in on Google Ads.Since it seems you are pretty new, and I saw it on the replies - finding properties by doing Drive 4 Dollars can be a great start, and then skip tracing their details and calling them directly.
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15 October 2024 | 24 replies
A public insurance adjuster works on your behalf to dig into these details and get you a larger payout.
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13 October 2024 | 8 replies
I've not heard of this happening so I'd love to hear the details.
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16 October 2024 | 22 replies
As the options come in you or someone needs to analyze their potential, do a drive by, get in to see it, and then someone would need to estimate the rehab - a quick way to do this yourself is ask three different GCs what their price per square foot is on a full gut and average them out and use that price per square foot for your rehab estimates.But let's say you get a funnel started and even analyzers to pick out the gems among the muck, now you need your contractor to come in and give you his estimate and then you need your financing lined up and get your term sheet based on your offer, the rehab, and what you think the ARV will be.
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14 October 2024 | 5 replies
If I could get an estimate on the time and cost for the variance, the next step would be to engage an architect or developer.
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16 October 2024 | 25 replies
This might reduce your overall interest costs and allow you to secure a more attractive rate compared to a traditional 20% down payment scenario.Platforms for State → City → Suburb → Street Analysis:For narrowing down markets, here are some platforms I recommend:Zillow and Realtor.com for broad market data, filtering by city/suburb/street.Roofstock for turnkey rental properties with in-depth neighborhood analysis.Mashvisor for detailed real estate analysis, including cash flow and rental estimates.Redfin and NeighborhoodScout for granular street-level data, crime statistics, school ratings, and property value trends.Once you narrow down to the city level, I agree that leveraging local resources—real estate agents, local investor networks, or property managers—will be key to gaining more granular insights on specific neighborhoods and streets.If you’d like, I can also provide you with a sample DSCR terms sheet to further illustrate potential terms.
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14 October 2024 | 3 replies
I don't have experience in real estate or house hacking, so I want to ensure my plan is sound and that I have all the details mapped out.