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24 February 2025 | 3 replies
I closed on my first deal last week and am very excited to see how it all unfolds.
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26 February 2025 | 3 replies
I have been an agent at Keller Williams for the last 3 years and have done a bit of wholesaling on the side.
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19 February 2025 | 27 replies
He has opened his doors up to us before to his personal house and cares about people actually making it.I got my first BRRRR property completed last year as a direct result of me being in the Academy.
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26 February 2025 | 0 replies
This property has been a great experience and we have learned a lot from it over the last several years.
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19 February 2025 | 4 replies
I'm looking to sell my first home, which I've been renting out for the last 2 1/2 years -- I first contacted my property management company for seller services, and they initially wanted a year exclusive selling rights.
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12 February 2025 | 12 replies
Quote from @Josh Jung: Thinking of switching over to beagle - ran into them at a NARPM conference in DC last week. seemed pretty good Let me know how Beagle goes.
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28 February 2025 | 8 replies
Since it's my first property the last HM Lender I talked to said it would be 9.9% interest only with a 6 month period before I can refinance to a traditional (or DSCR) at around 7% Seems like both conventional/HM loan will be the same in the end.
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27 February 2025 | 4 replies
Longtime member of the BP Forums, although it's been several years since I lasted actively participated.
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15 February 2025 | 14 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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26 February 2025 | 22 replies
@Keith DowdyI see your name pop up in every Beech Mountain post for the last couple years.