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Results (10,000+)
Elijah Berg 36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
You lack the proper perspective.
Paul Novak Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Plus, you’d probably reach your goals faster with that plan of attack if executed properly.
ZZ Song Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
Ethan Slater New Member Joining BiggerPockets
4 January 2025 | 14 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.
Adam Ross Property manager recommendations
24 December 2024 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Greg P. Small Multi Family Coaches/mentors? 2-4 units.
13 January 2025 | 21 replies
I think too many people get into this and struggle for too long before realizing that they not been properly trained and potentially could have dramatically shortened the learning curve.   
David Putz Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).  
Alissa Schmitz Has anyone tried TurboTenant's maintenance program Lula?
31 December 2024 | 8 replies
So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.
Ken M. Creative Financing for 2025
2 January 2025 | 10 replies
Now, ca n you learn to properly do creative financing from a mentor/coach/investor - of course.
Chris Kittle Wyoming LLC Set-Up and Recommendations
30 December 2024 | 10 replies
The proper answer is "it depends" I don't know anything about your case.I do prefer simple over unnecessary complexity.