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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market: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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6 January 2025 | 1 reply
So, the rulings aren't necessarily as consistent as you would hope. 2.
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7 January 2025 | 3 replies
@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.
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12 January 2025 | 185 replies
If this fails, then perform a land trust strategy.
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7 January 2025 | 7 replies
I've noticed properties that are 2 bedrooms or less tend to perform better on this platform.
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5 February 2025 | 38 replies
It could very well be its all lost but seems like a big jump to conclusions by investors that basically did very high interest rate investing and expected CD like performance..
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8 January 2025 | 9 replies
(I recently saw an article in Forbes talking about the Bay Area’s shifting market) And if you aim to hold properties long term, keep your eyes on towns around the Bay that have had consistent rent growth.Here in my home market of Phoenix, I see investors branching out to places like Austin, Chicago, and even Omaha from what Ive heard because they recognize how trends can shift quickly.
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16 January 2025 | 26 replies
While metrics like square footage or price per square foot matter, the number of bedrooms, bathrooms, and overall location are often more critical for attracting tenants.Engaging a property manager early on can save you from costly mistakes and help you invest in properties that perform well in the rental market.
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13 January 2025 | 30 replies
Perform this research by using the rent comp tool on BiggerPockets as well as FB marketplace, Zillow, Craigslist, etc Also for those 15% of units that are “at market”.
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9 January 2025 | 8 replies
I’ve tried VRBO and Furnished Finder, but they didn’t perform well in my market.