
29 January 2025 | 6 replies
I have found ChatGPT to be particularly useful for testing new Book Covers for BiggerPockets, such as our foray into the personal fitness category with upcoming title "Sweat for Life":

18 January 2025 | 11 replies
If you feel like you’re managing your property manager, it’s a strong sign that the manager may not be the right fit.

9 February 2025 | 3 replies
I'm speaking of co-living in a typical A or B level neighborhood house, so instead of a 20-25% down payment, we are speaking of a 1-5% down payment.

29 January 2025 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

29 January 2025 | 5 replies
Use your evenings and weekends for follow-ups and networking.Sending text messages could fit into your schedule too!

21 February 2025 | 14 replies
If you're still shopping markets, I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement.

28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.

12 February 2025 | 10 replies
I don't think the whole Birmingham area is down, I think it's really by neighborhood/suburb, but certainly anywhere I have property is down.

22 February 2025 | 48 replies
I just don't want to commit and sign up for his classes before I try it and see it as a good fit for me.

22 January 2025 | 31 replies
Again, if the numbers work, and you can fit in the cost of a PM service, what's the holdup?