Sanjeev Advani
Marvel Legend Stan Lee’s LA Home on Market for $8.8 Million
30 October 2024 | 0 replies
The single-story home, purchased by Lee as a gift for his daughter, boasts seven bathrooms, a pool, a movie theater, and a spacious entertainment deck.
Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
There are quite a lot of repairs or daily requests from guests, more bookkeeping due to consumables, extra utilities, pool service, lawn service, internet, etc.
Thomas McPherson
Common Mistakes in a BRRRR
1 November 2024 | 5 replies
They're more "attractive" to the borrower but any seasoned REI isn't going to use most of these products so they're narrowing their pool of borrowers down to the less experienced REIs which puts even more risk on the lender.
Craig Bowman
New to realestate investing
28 October 2024 | 9 replies
In terms of strong markets, I tend to look at major industries in an area (hospitals, universities, military, etc.) because I want a large tenant pool.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
If your goal is get maximum rents then you need to have the largest pool of students available looking.
Ben Osran
Investing in the Detroit Area
30 October 2024 | 7 replies
Your local partner can help verify if the area really supports those rents long-term.Regarding school ratings, they’re important for single-family homes but may not be as critical for duplexes, which tend to attract a more diverse renter pool (young professionals, retirees, etc.).
Priscilla Chin
Should I buy in NYC or Florida?
30 October 2024 | 21 replies
: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.
Abel Eskinder
Hello Everyone reading this, I'm New to biggerpockets and here to learn and grow!
27 October 2024 | 15 replies
: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.
Tri Tran
Need Help! will likely lose 30K to a scam
30 October 2024 | 12 replies
Lacey asked for $20K for furnishings and another $10K to convert the garage to a play room and add a pool heater.
Edgar Perez
Buying a halfway house / sober living house
30 October 2024 | 28 replies
All we do is collect the rent and come by to do the pool and small repairs.