Arya Taghdiri
New Investor in Cincinnati Market Looking to Connect and Share Insights
14 November 2024 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
Alec Raven
Property Management Education/Certificates/Books Recommendations:
14 November 2024 | 4 replies
I’ve come across options like the Institute of Real Estate Management (IREM), National Association of Residential Property Managers (NARPM), and Certified Property Manager (CPM) programs, but I’d love to hear opinions on which have been the most valuable in practice.Additionally, any recommendations for resources, books, tools, or online communities that have been helpful for day-to-day management would be appreciated!
Alaas Amour
Need your advise on this MF deal
16 November 2024 | 6 replies
Exit strategy and appreciation potential in a market like , PA, which is a smaller town with modest appreciation.4) is there any tools or metrics with average I can refer to to analyze this.Would love to hear thoughts from anyone familiar with similar markets or multifamily investments.
Craig Salzer
Norada Capital Management notes
1 December 2024 | 68 replies
Your helping a lot of BP members with these detailed accounts.. its unfortunate that it comes at investors expense but its a great learning tool for newer folks.
Gregory Schwartz
Best place to pull lists
13 November 2024 | 4 replies
I've heard that DealMachine is becoming the go-to tool for this kind of data, but I've also noticed some strong results coming from Crexi lately.It seems like Crexi has a more multifamily-focused platform, while DealMachine is often geared toward wholesalers.
Vanessa Lule
Newbie in Rental Arbitrage –How do I Analyzing Profit Potential?
19 November 2024 | 14 replies
@Vanessa LuleEstimating Occupancy Rates: AirDNA is a great tool, but it can sometimes be hard to verify actual occupancy.Hidden Costs in Monthly Expenses: Besides rent, utilities, and cleaning supplies, don’t forget to budget for:- Maintenance and Repairs: Minor wear and tear costs add up, especially in short-term rentals.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).
Philip Anderson
New Member Looking to invest in a Multi-family
14 November 2024 | 21 replies
Cleveland and Lubbock are both good options to explore, but also consider areas with strong job sectors, like Indianapolis or parts of the Southeast.Researching Demographics: Tools like Placer.ai, Costar, and Data USA offer insights on demographics, migration trends, income, and market growth.
Joseph Fenner
How do I find the best deals?
15 November 2024 | 4 replies
Quickly analyze deals using tools like BiggerPockets calculators.Look for good locations, below-market prices, value-add potential, and positive cash flow.
Thomas Roark
Newbie in need of Example Deal Guidance
13 November 2024 | 2 replies
I am learning but am struggling to tie tools, etc, together to understand a deal.
Stephanie Cruz
New investor in Northwest Arkansas!
12 November 2024 | 8 replies
I agree with @Jonathan Greene here that the first step is thinking through what to do with the primary residence - you might try this tool that I built a few months ago to analyze whether you should keep or sell the primary residence!