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26 January 2025 | 11 replies
If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.
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19 January 2025 | 21 replies
Then when you are driving in the car or doing anything you can listen to it and it helps alot!
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5 January 2025 | 39 replies
@Damon AlbersI hate the alphabet rating system because it is such an arbitrary thing that boils down many important factors to one letter.
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1 February 2025 | 30 replies
Adding 3-5 properties a year until I retire (~5 yrs).I could use help with understanding how people prioritize the various factors in evaluating markets.
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22 January 2025 | 12 replies
Before finalizing a decision to sell, I thought I’d get some thoughts from the BP forumThe only obvious factor I know to try to head off a problem is to carefully screen applicants.
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21 January 2025 | 5 replies
There should always be timeline contingencies factored into each projects specifics.
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19 January 2025 | 9 replies
He admired my drive and offered me an owner-financed deal to buy this land.
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13 February 2025 | 22 replies
Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.
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13 January 2025 | 11 replies
@Troy SmithHow to drive ARV (my opinion)1.
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4 February 2025 | 10 replies
I've walked through a property with a wholesaler and when I walked in I told him the ceiling height here is a big factor for resale and I can't use the comps he sent me.