Colin Frank
19 years old and ready to jump into the real estate investing game!
2 January 2025 | 4 replies
Also, from what I read in Bloomberg, midterm rentals near major hospitals can sometime command a decent premium.. especially if they include some nice furnishings.Little Tweaks Count: Even minor upgrades, like new door locks or a fresh coat of paint, can help you justify a stronger rent.Driving for Dollars & Networking..
Kirk Roberts
Kissimmee neighborhoods $250-300k
7 January 2025 | 12 replies
HOA is currently $172/month, with and additional $44 for club fees, covering club amenities, including a gym, boat lift, a restaurant etc.
Pixel Rogue
Real-estate Exit Plan
8 January 2025 | 2 replies
We want to plan in the most tax vantaged ways (which includes keeping future AGI as low as possible) and open to new-age and creative concepts.Respectfully ask to keep discussion to topic vs. selling one's self or services seeking new business.
Trace Adams
New real estate company idea
28 December 2024 | 1 reply
We would offer more of a budget-friendly option which could include FB marketplace/goodwill -Manages furnished rentals (STR/MTR) for investors.
Sara Salinaro
Best Resources For Commercial Real Estate Rookies
5 January 2025 | 6 replies
. • Podcasts: The BiggerPockets Commercial Real Estate Podcast has episodes on niche asset classes, including hotels.
Aaron Raffaelli
DSCR Loan for a first time REI
8 January 2025 | 17 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Brett Coultas
New member introduction and host financial question
15 January 2025 | 6 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.
Derek Heinz
House hacking with low liquidity and an investor or two
3 January 2025 | 3 replies
Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.
April Smalls
Is This A Red Flag Pml Edition
31 December 2024 | 14 replies
It included a Google Voice phone number, and the scammer answered calls pretending to be me, using my real name.
Ricardo Garcia
Truebooks CPA - Feedback
9 January 2025 | 46 replies
And $5,000 poorer.Over the course of our relationship, we barely used 10 hours of their time, including the onboarding, the meetings and email communication.