Prashanth Jagadeesh
Looking for investment property
31 January 2025 | 1 reply
An agent is very helpful but they have a busy life so searching every day helps decrease the wait time.If you ever have any questions feel free to help out there are thousands of other tips but I do not want to overload this thread.
Scott Vaeth
6% Tax Rate - South Carolina Rental Properties
31 January 2025 | 7 replies
I feel like these are my only options:- House Hack: Would I still need to pay the 6% tax rate if I'm getting rental property insurance?
John Reagan Johnson
Connecting with Real Estate Agents
22 January 2025 | 5 replies
Free events or groups are preferred, as I feel the connections made are more genuine, but I am open to anything.
Christina Galdieri
1031 Exchange for a small business?
28 January 2025 | 6 replies
However, the 1031 exchange only applies to the real estate component or real property, of the business, not the business itself or its non-real estate assets.In other words, while you can exchange real estate used in your business for other like-kind real estate, the business itself, including goodwill, equipment, and other non-real estate assets, does not qualify for a 1031 exchange.To maximize your tax deferral, focus on the real estate portion of the sale.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 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.
Tiamo Wright
Why is Zillow so bad?
21 January 2025 | 5 replies
There is no one with experience in actual real estate high up in the company, which is the problem with most tech companies masquerading as real estate companies (including brokerages).Let me know if you want to know even more. :)
Isaiah Cortez
Exploring the Ft. Lauderdale STR Market
21 January 2025 | 4 replies
It can be used to monitor markets, filter results based on lots of different criteria & even includes annual revenue numbers that you can work backwards to see how certain markets/properties are performing.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
S8 standard voucher amounts INCLUDE all utilities.
Alpesh Parmar
Need HELOC for a property under LLC
30 January 2025 | 21 replies
I've been in the lending Industry for 20 years, and I feel many people on BiggerPockets give misleading information a lot of times.