Joy Daniels
How Do You Stay on Top of Trends and Rules in Short-Term Rentals?
17 January 2025 | 10 replies
https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...The only way to truly stay up to date on your local rules is to pay attention to your local county/city council meetings and how you can participate.
Deepak Malhotra
Fourplex in Georgetown, Texas, one of my worst deals
15 January 2025 | 8 replies
Austin was appreciating faster than non-tech cities.
Abriauna Garcia
Advice for a first time home buyer
27 December 2024 | 3 replies
A strong “Core 4” can make managing your investment remotely much smoother and prevent a lot of headaches.Also, as you narrow down cities, pay close attention to factors like job growth, population trends, landlord-tenant laws, and short-term rental regulations.Happy to connect with you, and good luck as you jump in!
Jason Breton
Success with Rezoning in Denver
31 December 2024 | 2 replies
Hey Jason and Rene, I have rezoned multiple properties in Denver and the surrounding cities.
John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!
Nicholas Halterman
What is the next step?
1 January 2025 | 3 replies
I just purchased a 2bd 2br condo in Kansas City with a VA home loan.
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.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.
Ezra Avery
Hello & Thank You
7 January 2025 | 5 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
Sam Hendricksen
Buying near new casino
5 January 2025 | 5 replies
There’s a smaller hospital nearby and a large one the city up but I don’t think the nearby ones cover the point you’re making.