Paul Hearn
New Investor friendly Agent Intro in the Memphis Area
6 January 2025 | 1 reply
BP doesn't allow any form of marketing in the open forums, which includes your business or services.
Jeanette Land
Help with adding to my profile
13 January 2025 | 14 replies
Can you give the forum a few numbers on your existing properties, including estimated values, current loan balances, current rent on the duplex and expected rent on the SFH?
Jake Andronico
Just met w/ a developer - housing affordability may get much worse.
27 January 2025 | 23 replies
I know a few people including co-workers who moved out to Manteca and Stockton and do the horrendous commuteInterestingly there's been a bit of a comeback with San Francisco after people wanting to move out to the suburbs during COVID.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 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.
Mel Kirchhoff
STR transitioning into furnished LTR options - Advice needed!
6 January 2025 | 9 replies
• Should utilities, internet, or services like snow removal/lawn care be included, or not?
Terrence Adams
Rental Property Investor Newbie
12 January 2025 | 12 replies
Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!
Andy Sabisch
Question on tenant smoking marijuana
8 January 2025 | 9 replies
I would send a lease violation notice that advises the tenant that they have violated the no smoking provision of the lease and that it needs to be cured immediately - to include complying (not smoking) and remove any odor/damage that may have resulted.
Account Closed
Thoughts on using cash or HELOC for down payment on investment property
7 January 2025 | 1 reply
I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).
Ritu Mahajan
Advice for beginners!
7 January 2025 | 5 replies
@Ritu MahajanBuild a solid local team, including contractors, property managers, and lenders experienced with BRRRR.
Roger Flot
Updated Insurance for renovated property
21 January 2025 | 10 replies
In that they will detail the scales they use, including at which level of renovation it's possible to get things "reset" so it is appraised as if it is a new built property.