Allison Somera
Thoughts on DSCR Loans for Investment Properties?
20 November 2024 | 9 replies
A higher ratio (typically above 1.0) indicates that the property generates sufficient income to cover the debt, making it a lower-risk investment for lenders.3.
Tessa Mac
403b to Real Estate
19 November 2024 | 5 replies
If your account does not have sufficient funds to acquire a property entirely, you can look into a non-recourse loan.
Michael McLoughlin
PPR Note Fund
5 December 2024 | 87 replies
I know them well, I like them, and I trust them.My wife and I have purchased a wide range assets from PPR.
Sarah Moore
Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
Evan Smith
New Build Expense Calculations
20 November 2024 | 1 reply
Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.
Keri Win
New landlord: Need advice on apps to manage your property and lease agreements
19 November 2024 | 23 replies
You can also buy a Landlord Forms package from Biggerpockets, me, or find one online and hope it's sufficient and legal.You don't need an app to manage your property.
Megan Jones
Needy tenants, trying to go on maternity leave without any help and more lol
22 November 2024 | 7 replies
Condos/townhomes range from brand new to 6 years old.
Robert Ellis
What's Working for New Construction in Your Market? 🚧🏡
20 November 2024 | 0 replies
Specifically:What square footage ranges are performing best?
Collin Hays
Owner Controlled thermostat: Another penny wise, pound foolish decision
22 November 2024 | 10 replies
I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.
Ashley Mierez
Why don't agents and investors like wholesalers??
26 November 2024 | 25 replies
That lower price range house that’s not a total tear down is not common though.