Tomoko Hale
A possible first STR property?
23 January 2025 | 27 replies
Have you searched for co-hosts in your area?
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
Do a search."
Caleb Rehg
Renting to College Students
12 January 2025 | 23 replies
@Caleb Rehg I would advise your first step is to search this site for college student rentals and student rentals and read all you can.
Leslie L Meneus
Networking? What do I do now?
9 January 2025 | 13 replies
Go to Meetup.com and type "real estate" or "Apartment Investing" or other search terms for your area.
Ben Hofstra
Best Bank Account for my Situation
9 January 2025 | 9 replies
A lot of people (myself included) use multiple baselane accounts and sub-accounts to keep things as clear as possible relative to each property.
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Leon George
New to BP Community
21 January 2025 | 12 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Jason B.
Suburban Chicago: One of the Hottest Rental Markets in the U.S.!
15 January 2025 | 10 replies
I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
23 January 2025 | 48 replies
A close relative is looking out for the property. 3.
Jon Martin
BiggerPockets Real Estate & On the Market are Starting to sound like the same show
17 January 2025 | 3 replies
To learn how to solve a relatable problem.