Stephen Fleming
Newbie Plan. Thoughts?
14 January 2025 | 9 replies
How about the increased home insurance cost for a landlord policy?
Isaac Terry
Investing Out Of State - Starting
22 January 2025 | 20 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.
Christian Hwang
Advice for a New Out of State Flipper
1 January 2025 | 22 replies
The greatest and probably only leverage I have as an out of state investor is the proof of funds to show I have the liquidity and the risk tolerance to average 2-3 deals per month.The Yelp thing is specific to California and only for companies.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
If you have zero experience in construction, pay an experienced handyman a few hundred to make a quick assessment.
Jeffery Jones
Section 8 properties
8 January 2025 | 11 replies
I've had instances where a voucher went to literally zero, and the tenant was no longer on the program.
Serge Hounkponou
New member from Indiana
7 January 2025 | 4 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.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.
Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
The government of Costa Rica has a policy to limit development and doesn't invest much in infrastructure to bring tourism.
Melissa Glynn
20-Year Austinite Relocating to Charlotte, NC - New to BP!
7 January 2025 | 5 replies
As of now, I have zero connections in Charlotte.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.