Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Samuel Kim Real estate professional status 750 hours doable?
31 January 2025 | 27 replies
But neither do you, yet you started with:"Short answer is "yes"  - which I consider misleading.And you manipulated the OP's question to fit your agenda.
Igor Sinchuk Hi BP community! I'm your go-to person for Airbnb Revenue Management
6 January 2025 | 1 reply
In 2019, I launched my own revenue management agency to help Airbnb owners boost their income and achieve greater returns on their short-term rental properties.
Josh Duncan Thoughts on 401K loans
8 January 2025 | 10 replies
I just did one for like 28k, was a little short on a closing cash purchase. 
Robert A. Coloma Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
They quoted me a great rate also said I could close in a short amount of time.
Tim Fode Applications to Manage multiple Airbnb VRBO listings
6 January 2025 | 2 replies
Currently, we manage approximately 40 short- and mid-term rentals, in addition to a few long-term properties.
Andrew Lawlor STR to Custom Home Builds
17 January 2025 | 19 replies
Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.
Leah Miller Bank Won't Close Due to FEMA Disaster Designation
29 January 2025 | 24 replies
For $10K and a lower rate I'd be willing to consider delaying...but only if I knew that lender two was solid on closing in a relatively short timeframe.
Nate McCarthy How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
David Young Questions From a first time Investor
29 January 2025 | 12 replies
A HELOC is a short term debt instrument.
Kyle Deboer Raising Down Payment Money
29 January 2025 | 25 replies
Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate.