Kenny Bao
Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
Feel free to DM me too.
Vivien Martin
New member from the Chicago area!
18 January 2025 | 17 replies
Wishing you the best on your journey, and feel free to reach out if you have questions along the way—this community has a wealth of knowledge!
David Young
Questions From a first time Investor
29 January 2025 | 12 replies
If you need more guidance, feel free to DM me, and I’ll help point you in the right direction!
Wesley Peixoto
From private equity to real estate... excited to learn and connect
29 January 2025 | 8 replies
Feel free to reach out!
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?
Jacob Moore
New Investor Here Based In LA!
21 January 2025 | 2 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
Aaron Costello
Finally Setting up my account
21 January 2025 | 7 replies
Feel free to reach out if you need any recommendations or assistance with your projects.
Mitch Provost
Student Rental Investment Market
21 January 2025 | 3 replies
Whether you need advice on selling your property or transitioning to your new business model, feel free to reach out!
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.