Robin Simon
What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates
18 June 2024 | 0 replies
Since this chart is harder to boil down to a single expectation number like the previously discussed reporting metrics, this rarer release can affect yields, as it provides an infrequent insight into the longer-term rate outlook from Federal Reserve officials.University of Michigan SurveyAs inflation has taken center stage in the last few years in the United States, formerly minor surveys and data releases have increased in importance and their effect on Federal Reserve rate thinking and, thus, mortgage rates.
John Park
Are the Condo Fees Too Expensive? - First Time Homebuyer Advice
15 June 2024 | 11 replies
The condo doesn't have an elevator, but the other amenities are listed below:Amenities included: Common Grounds, Fitness Center, Gated, Reserved/Assigned ParkingServices included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water, High Speed InternetThanks in advance for any advice!
Chris Seveney
Are you still actively buying mortgage notes
17 June 2024 | 36 replies
Usually found within a niche - like industrial property reuse outside of Pittsburgh, or shopping center conversion to self storage.
Jeff Neikrie
Investor approaching the Detroit market, looking to build my core four
15 June 2024 | 15 replies
East English Village- Along Detroit's East side bordered by one of the more affluent townships which is Grosse pointe University Detroit- Near the University of Detroit Jefferson Chalmers- Along the Riverfront New Center- Which is another midtown neighborhood which shares space with the Henry Ford Medical CampusMy group happens to be closing out projects in 4 of the 5 of these neighborhoods2.
Jim K.
For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
It's a standard format: Some person, all "cool" get's put front and center after a small number of "minions" first warms up the audience and exudes cult like reverence and obsession with the "Guru".
Steve Clery
Chicago Area Multi-Family 203K turned STR
14 June 2024 | 6 replies
With the Notre Dame campus in addition to Amazon's $11 Billion Data center project, and Microsoft coming to town the area is poised for some serious growth over the next 5 years.
Moses Sefah Bosompem
How Do You Conduct Market Research for Your Investments?
13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
Wale Lawal
Is Katy, Texas Great Place To Invest for Out of State Landlord?
13 June 2024 | 1 reply
Diverse Amenities and Lifestyle: Katy, Texas offers a wide range of amenities, including shopping centers, restaurants, and recreational facilities, enhancing the quality of life for residents and making rental properties more attractive.
Zach Knoll
Communication With Investors
13 June 2024 | 2 replies
Our investor relations team is inhouse / so anyone has a question it’s not an overseas call center they are speaking to someone knowledgeable and who works for the company2.
Kelsey Vander Meulen
Seeking advice: purchase SFR vs 2-3 unit Multi-family in Tucson?
12 June 2024 | 2 replies
I'm looking into purchasing either a SFR or 2-3 unit MFR in Tucson, AZ, near the University of Arizona and its major medical center.