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7 January 2025 | 7 replies
If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!
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7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
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2 January 2025 | 18 replies
Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.
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11 February 2025 | 69 replies
I just put one for rent for $1700/mo - and received 14 inquiries in 12 hours.
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9 January 2025 | 15 replies
For those of you who have received a BLOC, does your bank report to Dun & Bradstreet?
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27 January 2025 | 14 replies
So, consider the source when receiving advice from out of town contributors.
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29 January 2025 | 68 replies
However, when the time came, I never received that phone call from Brian, all day, all week!
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17 January 2025 | 24 replies
The process is easy:1) You’ll receive a disarmingly simple one-inch-thick three-ring binder containing your plan documents.
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15 January 2025 | 12 replies
Because of this, in my opinion, the financing type and rate received is going to be more important than the strategy type itself.
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6 January 2025 | 3 replies
If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!