Renee Coss
Should I convert my garage into ADU for a Short Term Rental?
11 December 2024 | 14 replies
Search the BP for ADU appraisals to encounter numerous examples.
Thomas Malone
Anyone experienced with Lee Arnold's system
11 January 2025 | 55 replies
I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.
Lindsey Buxton
16% Projected IRR? Our LP Panel Digs In
31 December 2024 | 3 replies
Fund of fund raisers need to do a much better job including descriptions of both double promotes and possible implications for LPs investing through a fund of fund vs directly.
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
12 January 2025 | 7 replies
We have an insurance policy on the rental house (through State Farm), that includes a personal liability section, which is essentially equal to our current net worth.Given that a tenant could sue for more than this if an accident occurred, we are thinking about adding either LLC or an umbrella policy (or both) as extra protection.Any advice on which way to go, and if LLC, any recommendations for a law firm or company the Indianapolis area?
Michael Darten
Property management managing multiple properties
4 January 2025 | 18 replies
However, in the last couple of years, GLVAR modified their PM agreement to include an option for PMs to collect fees while the property is vacant.
Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
During the renovation, I faced several challenges due to the home’s age and hidden damages, including ruptured plumbing, termite infestation, rotted wood, and lack of insulation.
Jason Gray
exploring Private Money Vs Hard money on a new build for a piece of land near Yosemit
31 December 2024 | 4 replies
I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.
Francesco Ponticelli
What happened with the AirDNA calculator?
26 December 2024 | 4 replies
Is it not part of the included calculator anymore?
Shaylynn O'Leary
Advice: New Investor/Small but Mighty Portfolio/ Long Term Game Plan
21 December 2024 | 20 replies
I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.