Joanne Quezada
Room Rental - 4/2.5
9 January 2025 | 1 reply
At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.
Jimmy Edwards
Ready to do deals!
10 January 2025 | 9 replies
When I ask for an income report, I received a spreadsheet with multiple units.
Chris Magistrado
Buyer wants to do an Inspection?
23 January 2025 | 24 replies
Buying site unseen is a huge risk unless the buyer and wholesaler have a history doing deals together.My buyers trust the deals that I bring them, but I also provide them with in-depth inspection reports along with photos/videos of the inspection along with multiple cost to completes through multiple contractors.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.
Ryan Cousins
Hold onto a Negative Cash Flow Property?
17 January 2025 | 23 replies
Hey everyone, Dave Meyer and Henry Washington analyzed Ryan's question during yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?).
Jason Weidmann
Looking to start investing in LTR,
7 February 2025 | 13 replies
With $150K, you’re in a strong position to acquire multiple properties, especially in affordable rental markets like Texas, Pennsylvania, Michigan, and Ohio.
Magdalene Leon
Looking for advice on backflip lender
6 February 2025 | 30 replies
It is more expensive but may not require an appraisal and can close in a couple of weeks. if I can wait then I use the most competitive rehab. lender after obtaining multiple quotes.
Eddie Gonnella
Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
Additionally, would love to hear how others manage multiple listings with the help of others.
Chris Morris
Detroit Wholesalers: Why Do Your Deals Suck So Bad?!
17 January 2025 | 10 replies
I deal in multiple states, and it's a nationwide thing tbh.
Deborah Burian
Banned for Spamming Today
16 January 2025 | 16 replies
I'm guessing you posted the exact same thing multiple times.