Lyons Library
New Investor in Multi-Family Real Estate Looking to Learn and Partner
29 December 2024 | 2 replies
Many of the folks I worked with back during the dawn of the internet business era have moved on, so this is a learning curve, but I’m embracing it.Partnerships are something I’m open to, whether it’s working on your projects or collaborating on future deals.
Gregory Schwartz
"Am I experienced enough to raise outside capital?"
29 January 2025 | 32 replies
I'd personally never take capital that I am paid to manage without committing my full-time effort to the situation and putting a majority (I reserve the right in the future to make this 1/3rd of my position) of my wealth into the situation.
Francis Van Steen
Anyone have experience working with Praxis Capitol
31 December 2024 | 14 replies
I am looking to buy into one of their offerings in the near future using a SDIRA.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
Complaints are always dicey when you live or have property in a jurisdiction they scan your license plate and have visibility into your property that may negatively impact you in the future.
Kevin Robert Highgate
New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
When you buy a property with the intention to Airbnb Househack, you can find a better layout to make it more separate / private but start with what you have, Get temporarily uncomfortable so that you have a comfortable future.
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
Makan A Tabrizi
Nail/Screw Holes in Walls
22 January 2025 | 39 replies
I can see this becoming a major problem in the future so I wanted to have a plan of action.
Sri S.
Which short term mgmt software is better for sending automated messages, pricing
29 December 2024 | 9 replies
But in future I am looking to expand more and make it more automated.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
Under NY state law he cannot now or in the future demand that I move the fence back onto the property line as I now have a legal claim to it.
Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
Properties that grow significantly in value provide the equity and leverage needed for future investments, which can multiply your returns over time.