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Results (10,000+)
Matt Schreiber 2-4 Family With Cash Flow
12 February 2025 | 22 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.
Murtuza Khoja Considering buying a STR in Kissimmee
29 January 2025 | 3 replies
Theming can be $5-10,000 per bedroom (includes whole house decor, so a 5 bedroom could be $50,000 for the entire home furniture) depending on your imagination and quality.
Vincent Weselak Is Homeowners Insurance Cover Somewhere in the BRRRR Calculating Tool?
21 January 2025 | 3 replies
I am using the BRRRR Calculator and was wondering if Homeowners Insurance estimate was included somewhere or if I had to manually enter it somewhere? 
Bree Jimenez Hi everyone, excited to be apart of this community.
28 January 2025 | 22 replies
I'll include a BP article below that highlihgts the gist of them in alignment with BRRRRs.Also, I lived in NC for a bit, so happy to connect and introduce you to some folks in the area. https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
Ivan Castanon Do I have enough money to start private lending for fix and flips?
16 February 2025 | 18 replies
Hello Ivan,I do not work for BP, but my suggestion is that you follow the Build Your Investing Team link at the top of this page if you have not and follow each step including speaking with the prospective members of the team you want to build and with that I believe you will obtain the answers you need.
Dan Shallcross Eviction process with a VA loan
23 January 2025 | 3 replies
Retain proof of that notice and make sure you include the new tenants right forms required by the city now.
Patricia Andriolo-Bull Thoughts on Host Tools
24 January 2025 | 10 replies
It seems like it "should be" good with some good features for the price (specifically I'm looking for an easy way to sync pricing across platforms including my website).  
ZZ Song Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
I'm looking to get their "package" which includes a Holding company, LLC Subsidiary​, Corporate Financial Program and an Estate Plan.
Steven Diaz New Construction suggestions for STR
23 January 2025 | 6 replies
Include a sweet outdoor area maybe with a pergola, jacuzzi feature.
Sam H. HELOC, HEL, or 2nd Mortgage to finance Second Home
11 February 2025 | 7 replies
A) The $40K cash on hand was not including my emergency fund and merely represented what I wanted to stick to as a low ~10% DP or to be used for a small refresh/reno.