Dina Mazur
Homeowner, former real estate agent, looking for rental investment advice
23 December 2024 | 8 replies
If you happen to invest in the areas I highlighted above would love to connect offline.
Jaedon Stout
Hey Everyone, New to BiggerPockets! Expert advice needed
27 December 2024 | 2 replies
Those highlight reels rarely show the hiccups, and from what I read in Forbes recently, a lot of seemingly ‘perfect’ deals are just good editing and timing.Before jumping in, I’d think about whether the deal has amoung enough cushion and what your backup plan is if the project drags on.
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
Charles Fay
What to do with savings
2 January 2025 | 8 replies
While others above have highlighted the ability to purchase a property with 0% down, there is one large stipulation: you must purchase a property as a primary residence.
Jonathan Greene
What Do You Think Of All Of The Reverse Trolling in the Forums?
6 January 2025 | 77 replies
However, it was not something that we planned on and I did not have any sort of communication prior to with that particular poster planning to highlight their services. good point Joe will have to see if I can see that kind of behavior..
Devin James
Do you prioritize equity growth or cash flow in your investments?
5 January 2025 | 18 replies
All the posts do a good job of highlighting the importance of a long term view when acquiring property.
Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
If you haven’t already, make sure you’ve documented everything thoroughly—photos, messages, invoices—and highlight the guest’s negligence, like leaving windows and doors open in extreme weather.If you haven’t heard back after asking to escalate, follow up again and politely but firmly request that a senior claims specialist review the case.
Keenan Patton
[Calc Review] Help me analyze this deal
26 December 2024 | 4 replies
Highlighting the strong profit potential and taking measures to address any concerns about costs, scope, or holding risks will make this an even stronger pitch.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
As for submitting an LOI without proof of funds, sellers may still consider it if you present a well-researched offer, highlight your experienced team, and provide a clear financing plan.
Sonja Revells
Can I get my EMD Back??
1 January 2025 | 12 replies
I am attaching the contract with highlighted section about this.