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10 January 2025 | 17 replies
@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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9 January 2025 | 0 replies
However, I don’t yet have the funds for a down payment on another house, and I’m trying to figure out the best option for where to live while I rent the apartment.Do you have any recommendations for managing this transition or tips on finding a temporary place to stay?
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29 January 2025 | 107 replies
Narrow your focus, stop buying properties, and figure out what you actually know really well rather than letting FOMO, spreadsheet calculations on faulty pro formas, and advice of strangers on the internet influence your investment decisions.
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19 January 2025 | 55 replies
I still trying to figure out why BiggerPockets chose RentRedi out of all the other good property management software options for a partnership.
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22 January 2025 | 22 replies
Net sale - adjust cost basis = net gainAfter you know what your net gain is then you can figure out what your state and federal tax burden would be.
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10 January 2025 | 3 replies
I figured using my primary equity could assist in getting that loan just to show as reserves
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8 January 2025 | 5 replies
If so, it would make sense to figure that out first before deciding on a specific area.
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12 January 2025 | 12 replies
Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.
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10 January 2025 | 2 replies
Really what I am trying to figure out is what is the ratio of value for the various things that different partners would bring to the table like: down payment, long term management, rehab labor, acting as contractor for rehab but not doing the work yourself.
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14 January 2025 | 21 replies
However, there wasn’t much residential use and I couldn’t figure out where the housing neighborhoods are.