Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
Look for properties with features like separate utilities and layouts that appeal to tenants.
Joe DeVico
Propstream or Batchleads?
9 December 2024 | 12 replies
One of its key features is the ability to pull comps quickly while ensuring the data is updated as fast as possible.
Maxnbee Nyabende
Midwest- Vertically Integrated Turnkey Company Recommendations
13 December 2024 | 16 replies
Max Max,BiggerPockets recently had me on the podcast featuring Turnkey real estate on BiggerPockets Episode #1049 .
Keetaek Hong
Quickbooks .. or NOT for STR
9 December 2024 | 7 replies
It can feel like feature overload.
Brandon Ortiz
How To Get Started | Bay Area
9 December 2024 | 9 replies
They’re generally easier to manage and can help you gain valuable experience in property management.When you’re ready to scale up and try strategies like the BRRRR method out of state, it’s crucial to have a strong local network.
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
It's not as highly requested as one may think for multiple reasons (we're building based on feature demand).
Scott Trench
New Policy Idea: BiggerPockets to Send Wholesalers a $125 Bill For Every Solicitation
8 December 2024 | 14 replies
Striking the right balance between enforcement and maintaining an inclusive, education-focused community will be crucial to its success.
Drew Giltner
Help me analyze this deal
5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
However, thorough research on local markets is crucial to understand property values, rental demand, and economic trends.Leveraging Debt:Strategically using debt, especially DSCR loans, to acquire more properties is a common approach.
Jonathan Abrado
Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
Then the chat feature in the "live" webinar being disabled, while claiming to be live, saying there are over 2,000 participants when the webinar shows there are just over 500 people, is just gross.