Leon George
New to BP Community
12 January 2025 | 11 replies
Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Brendan Jones
First property advice
9 January 2025 | 9 replies
In davidson county most people book an STR to be close to downtown or at least close to somewhere cool as a secondary priority (like 5 points or 12 south for example).If you have an STR in white house it's going to need to make up for location.
Chris Magistrado
Defining Crystal Clear Criteria (CCC) for Large Multifamily Investments
9 January 2025 | 0 replies
Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.
Lei Wei
Investing in Hawaii
7 January 2025 | 13 replies
But, regardless of the location, Hawaii always has been and always will be a popular, year-round tourist destination.
Gil Canfu
🚨 Dallas Real Estate Investors - Need Your Insights! 🚨
13 January 2025 | 10 replies
Sherman or perhaps between McKinney and Sherman.SaginawBurlesonCertain other locations if you can find the right rent/price.
Blake Dailey
I Bought A 130 Unit Hotel and Resort!!
1 January 2025 | 36 replies
I'll include all details below.THE LOCATION: The hotel is conveniently located in the breathtaking Smoky Mountains, just minutes away from the Great Smoky Mountain NP entrance.
Corbin Wright
Advice please! I have a somewhat tricky question regarding AirDNA!
12 January 2025 | 8 replies
It could, but you could screen this location with PriceLabs.co as they use both airbnb and hotel rates to create revenue forecasts.
Matthew Morris
Dad's NC House is Slowly Rotting - Likely Need to sell As-Is!
7 January 2025 | 6 replies
Hi Mathew,We live in Greensboro, which area of Greensboro is the house located in?
NA NA
Short Term Rental Questions
12 January 2025 | 7 replies
My ideal location is in the middle so I'm away from severe flood risk, but still 15-20 mins tops to downtown or the beach.
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?