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9 January 2025 | 43 replies
Then, you would need to sign out of Invelo and sign back in using the BiggerPockets sign in option on the sign in screen.Let me know if you'd like to schedule a walk through in the platform, and I can show you the full functionality.
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29 January 2025 | 9 replies
im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"
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29 January 2025 | 22 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.
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18 January 2025 | 18 replies
Overall, for every type of property....I would say that keeping up with proper maintenance is what most people neglect.
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7 February 2025 | 31 replies
The support team is very nice, but we are not getting the functionality that we thought it had.
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31 December 2024 | 3 replies
Rent growth is a function of supply, demand, and interest rates:- I'd ground any forecast by stating I expect national rents to rise on a pace more or less in line with inflation over any long time period. 2-3% per year.
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16 January 2025 | 9 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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15 January 2025 | 12 replies
Proper time tracking and logs are critical for demonstrating compliance with this rule.I've only seen one person with a W-2 qualify for reps, and that was from a tax court case where people had to come in in person and attest to his hard work.
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10 January 2025 | 18 replies
The reason that I did not think it was for me is it did not have a function for estimations.
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31 January 2025 | 23 replies
I think too many people get into this and struggle for too long before realizing that they not been properly trained and potentially could have dramatically shortened the learning curve.