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7 December 2024 | 5 replies
The forelcosure auctions in my home State of Florida are all online.
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12 December 2024 | 37 replies
When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much.
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8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
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30 December 2024 | 89 replies
I've joined facebook groups and looking around online for a mentor in the city or near the city I plan to invest in, I've connected with someone and plan to speak to them monday but nothing is promised but I'll look into them again.
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14 December 2024 | 15 replies
A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.
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16 December 2024 | 14 replies
I don't care what anyone online says if you live there and have tenants at your home it will be a job.
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7 December 2024 | 1 reply
We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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7 December 2024 | 11 replies
Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.
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11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.