Brian Dolbeare
Considering a Small Multifamily in Pittsburgh – Concerns About Street Parking
15 January 2025 | 5 replies
I wouldn't consider it a heavy negative unless the street is super tight and parking is hard to come by or if the street is very steep/busy.The more desirable dense city neighborhoods it's almost kind of expected and off street parking would be considered a luxury rather than a necessity.If you get out into the suburbs I would say it's more of a big deal since more rentals have off street parking or a garage there.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Shea Gajewski
Young Investor Seeking Advice
1 February 2025 | 4 replies
The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.
Franklin Perez
Beginner REAL STATE enthusiastic
31 January 2025 | 8 replies
You'll quickly learn how to manage investments well, which property types and neighborhoods work best, and more.
Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
:We use the cheapest ones that they provide at Lowe's, our handyman installs.
Melissa Vass Scott
Canadian Wanting To Invest In The US Market, Is Ohio The Right Fit?
19 January 2025 | 11 replies
The market still has relatively low entry points compared to other major cities, making it possible to find multifamily properties like duplexes and triplexes in the price range you’re targeting.
Andrae S Wiggins
New Investor looking to purchase their first property
28 January 2025 | 6 replies
Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!
Yasmin Mughal
Househacking in Baltimore County for 400K for a 3/2 or 4/3
22 January 2025 | 9 replies
There are a few Dundalk neighborhoods I'd stay away from but for the most part it's a great area for house hacking/BRRRR.
Danielle B.
Out-of-State - Ohio Section 8 Housing
29 January 2025 | 22 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland )