Nick Troutman
Tips on managing properties for the first time
10 December 2024 | 5 replies
You do not need a license (like a brokers license) to manage your own properties.However, check your town to make sure you don't need a business license.In Tacoma, WA, as an example, even if you have a property manager, the owners themselves also need to have a Tacoma business license.If you hire a property manager, they will need a brokers license to manage other people's properties.Good luck!
Scott Zeiger
Appliances
17 December 2024 | 29 replies
I also don't want tenants and their movers hauling major appliances around and banging up doors and walls.I bought most of the washers and dryers used.
Troy Chambers
I just need a purchase / sales agreement for my home in Tacoma WA
5 December 2024 | 1 reply
does anyone have a Sales agreement i can use between me and my friend who is buying my home?
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
Do better rehabs. 100% agreed mate,Safety comes in the volume.Something that I've "preached" for many years.It's not worth the time, money or even risk buying 1 or 2 or even 3 properties unless an investor has a growth type mindset and a will to scale to 10+.It's very simple, you own 1 and it goes vacant.That's a 100% impact on your income.You own 10 and 1-2 to go vacant.That's only a 10-20% impact on your income.It's also a very high likelihood that problems will always exist with 1 or 2 properties at any given moment...Plus, such markets (Ohio and Michigan) don't appreciate as much as many others like a Texas and Florida for example.Michigan and Ohio are slow movers and only recently (10+ years later) caught up to some of the other "higher flying" markets from a yearly growth percentage.Much success
Seth Rose
Out of state BRRRR steps
4 December 2024 | 31 replies
Spanaway, DuPont, and Yelm are areas I'd consider if you want to attract those working in Tacoma/Olympia and living further out as well.The new fast ferry from Bremerton and Kingston is making the peninsula a more viable option.
Luca Perinuzzi
How to find brokerages that work with investors
30 November 2024 | 10 replies
After getting your license and joining a brokerage, you should do your best to network and talk to as many people as possible - that's how you'll hear about who the movers and shakers are in your local area.
Isabella Romano
DTI issues applying for new loan- HELP
29 November 2024 | 6 replies
Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?
Melissa Odom
DCSR, LLC, and Trusts
3 December 2024 | 15 replies
Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...
Tim W.
Help with Mortgage Financing on Small Multi-Family outside Pittsburgh
28 November 2024 | 5 replies
However, DSCR Loans have more flexibility and levers to pull such as slapping on prepayment penalties if you are planning for long-term hold that can move rates down.
Karina Busch
How to get fixed rate loans on investment properties?!
2 December 2024 | 21 replies
Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?