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Results (10,000+)
Sathya Priya Sampathkumar How do you decide on the location for rental investment with good cash flow?
6 January 2025 | 8 replies
I've talked to lots of California and a few NYC investors that have lost money (including myself) who bought inexpensive properties in the Midwest mostly and a few in the South (Class C is volatile). - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).
Joshua Houchins Accounting Software?
9 January 2025 | 16 replies
As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.
Ethan Slater New Member Joining BiggerPockets
4 January 2025 | 14 replies
@Ethan Slater here's some info we hope you find useful: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?
Josue Ramos Best Markets To Invest
4 January 2025 | 35 replies
@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Chris Boling Cincinnati Property Manager
2 January 2025 | 11 replies
Do I receive video of my pre and post make ready?
Joshua Piche Im looking to move out this year and house hack my first property
7 January 2025 | 12 replies
.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Janea L. AI and REI
29 December 2024 | 17 replies
There are several courses online, but before paying a dime it would be helpful to watch the several videos on YOUTUBE on giving prompts.
Jonathan Greene Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
I actually sold a Class C a few months ago - I saw the writing on the wall after one Class C, very likely no capital gains after all my passive losses.
Joe Gettler Pursue Monthly Rental in San Francisco with my 3 unit?
2 January 2025 | 11 replies
@Joe Gettler, I don't have great data b/c she just helped them for a couple of months, but I think it's just under $4K a month for a nice 2 bedroom in a good location.
Brandon Simpson Should I stay away from properties that have been on the MLS for a long time?
5 January 2025 | 8 replies
I have seen some properties on MLS that I contact my realtor and they may know right away the reason it isn't selling from showing it previously, or they can review the realtor comments that aren't viewable by the public on MLS.Other potential reasons I have seen properties listed on MLS for a long time. 1) Some investors may not be comfortable inheriting existing tenants.2) It may be it is a class C neighborhood. 3) Structural issues.