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30 December 2024 | 4 replies
Mid-term is more likely to work in any market than STR, but I think you would be surprised at how well an STR could do if there are no other options like that in the area (think people's parents or friends coming in for the week(end)).I've seen a lot of people grimacing at the net-negative house hack (it's just a product of rates and low inventory in a lot of markets) and this is one option to try to recoup some of that loss.
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8 January 2025 | 31 replies
No negative comments about them at all.
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1 February 2025 | 30 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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27 January 2025 | 18 replies
Knob and tube has more negatives than most people think, As a GC doing lots of remodels in a old beach town, we replaced a ton of these.
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3 January 2025 | 18 replies
I tried using the biggerpockets rental calculator this morning and the cashflow was negative, but I may have been too conservative with the numbers.
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4 January 2025 | 26 replies
I stayed in a STR with over 200 5-star ratings, and not a single negative.
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24 January 2025 | 36 replies
Seems like a lot of the negative comments and reviews are related to bookings, advertising, extra fees, etc.
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2 February 2025 | 178 replies
With all the negative comments and concerns over the houses not being completed per the contract dates, perhaps all the investors should speak to a local real estate attorney and see if they can get their money back or other concessions.
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10 January 2025 | 13 replies
Just remember: most negative reviews are written by problematic tenants.
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16 January 2025 | 23 replies
Someone might be willing to purchase with negative equity if they are able to take over your <4% rate with basically nothing down.