Charlie Chelnik
Best software to automated ACH payments from Tenants
11 October 2024 | 2 replies
Too complicated and feature rich can be a drawback as well.
Shelby McKean
Thoughts on Turnkeys?
14 October 2024 | 31 replies
As @Nick Harrington stated the main drawback as I see it is that you are buying at retail or very close to it.
Matthew Freese
Tax Deduction Rollover Into Next Year
9 October 2024 | 5 replies
Sorry just trying to understand the drawback of that.2.
Jason Turgeon
Real Estate Accounting Winner: REIHub
29 September 2024 | 13 replies
But in spite of the handful of drawbacks, the software is so good at its core functionality - bookkeeping and accounting for real estate - that there's simply no reason to use anything else.
Shyam Subramanyan
Cost Segregation for STR properties acquired in 2018, 2021, and 2022?
25 September 2024 | 18 replies
The fastest and cheapest cost segregation is through DIY software, but it has significant drawbacks: https://www.biggerpockets.com/forums/51/topics/1136752-expla...Some areas (like mine) have extended deadline beyond Oct 15th.
Maxwell Hines
Do HELOCs make any sense right now?
22 September 2024 | 4 replies
@Maxwell Hinesmakes no sense - you'll be negative and never be able to pay the HELOC draw back with the cash flow you don't have from the house
Daniel Windingstad
Out-of-State LTR Investing
27 September 2024 | 48 replies
The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.
Palmer Thomas
Using paid off rental as down payment for DSCR loan
16 September 2024 | 8 replies
The drawback would be if you only make minimum payments, the balance will never decrease.
Saulo Dias
What Matters Most for Vacation Rental Success?
14 September 2024 | 26 replies
Location, location, location is the key.I am not as convinced that a limited season is a huge drawback.
Aamna Kidwai
Investment Loans (DSCR?)
16 September 2024 | 13 replies
They can have a prepayment penalty and higher out of pocket costs at times as the main drawbacks.