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25 December 2024 | 3 replies
Sometimes the tenants plan on paying a month's rent at two places to allow a less-hectic move.
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26 December 2024 | 18 replies
The issue I have seen with these types of properties is they could have two valuations - the value of the real estate which the structures will have little value and you have the land the other is as an operating business just like a bed and breakfast would have - real estate has value but it operates a business now you mention 12k / month but if someone also has to manage the property what is that worth and what would someone pay to manage a property like this?
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24 December 2024 | 3 replies
You then place a tenant in that property at $1250/month and the property appraises for $100k.
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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.
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26 December 2024 | 9 replies
It allowed you to get into the property, start building appreciation, lower your monthly expenses, and learn more about buying property.
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25 December 2024 | 11 replies
While still profitable, I’m exploring better opportunities and considering multifamily (MF) properties.In my search for $1M properties (with $150K–$180K down payments), I’ve found that the NOI often matches the mortgage payments, leaving little to no monthly cash flow.
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23 December 2024 | 14 replies
Of one unit is vacant, at least you have money still coming in on a monthly basis.
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23 December 2024 | 2 replies
I am 20 years old and for the last 5 months I have been learning hard money lending and I am diving into the real estate community to meet new people and learn.
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2 January 2025 | 50 replies
Yes the average American income is barely $60,000 and most of people on bigger pockets make more than that and a lot of people make that much in a month.
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2 January 2025 | 37 replies
One posted about buying a cheap quad, i used her bumbers provided and my maintenance/cap ex to show negative $600/month.