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11 February 2025 | 11 replies
I do agree with @Jules Aton though, the best option may be to wait and save up for your down payment.
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19 February 2025 | 5 replies
Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.
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12 February 2025 | 22 replies
Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------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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19 February 2025 | 3 replies
Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area.
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4 February 2025 | 10 replies
If you’re looking for DIY options, PropStream and DealMachine can give you some lien info, but they may not always be 100% accurate or up-to-date.For Central Ohio, check with the county recorder’s office or clerk of courts for lien and judgment records.
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11 February 2025 | 1 reply
Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.
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21 February 2025 | 12 replies
One of its standout features is the ability to directly link your Airbnb account, as well as the bank accounts you use to receive rental income and pay expenses.Another feature I really appreciate is Baselane’s built-in banking option.
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22 February 2025 | 29 replies
You really don't need that LLC until you pay off the property and it's questionable if you need it then as long as you maintain your property and have correct insurance.Yes to wind insurance, not sure about hurricane.I use Foremost STR policy for one property.I am about to switch to USAA (retired Navy) for another because they quoted a policy that was 3k lower than what we have.
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20 February 2025 | 11 replies
While I certainly think that reducing retirement account contributions and investing in real estate could be a great option for an early retirement, it requires honest conversations and detailed projections around your current portfolio's performance and expected rate of return on future acquisitions.
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22 February 2025 | 5 replies
That said, if you have the option to invest in a better cash-flowing deal elsewhere, it's worth running the numbers to compare returns.