Erin Killough
New and considering between vacation and long term rentals
4 October 2024 | 9 replies
If you’re just starting out, a long-term rental could be the safer bet for consistent returns and lower management hassle.On the other hand, some investors prefer out-of-state opportunities for better cash flow and affordability.
Jason Skinner
Structure an owner finance deal for an 8 unit complex
4 October 2024 | 5 replies
The complex consists of 4 buildings with 2 units each, current rent is $650/unit for a total of $5200 in rents.
Cameron Kolling
Mobile Home Park Depreciation
2 October 2024 | 9 replies
I am in the process of buying a small MHP consisting of nine lots with eight of those lots having trailers on them that will be purchased with the park.
Trey Johnson
Trey Johnson, New Wholesaler in Phoenix, AZ
3 October 2024 | 1 reply
Stay consistent, stay humble, and don’t be afraid to make mistakes—that’s where the growth happens!
Melissa Crimp
Court Record Search - reason for denying an applicant
2 October 2024 | 6 replies
Denying Based on Court RecordsYes, you can generally deny an applicant based on publicly available court records, such as evictions, judgments, or warrants in debt, as long as the information is accurate and you apply this standard consistently to all applicants.
Brandon Craig
Should I sue?
7 October 2024 | 12 replies
These remaining assets will be owned free and clear, without any mortgage debt, and will begin generating consistent cash flow, which will be directed towards regular investor distributions.This transition represents a significant milestone in our strategy to streamline the portfolio, reduce risk, and ensure healthier returns for you all.Looking AheadAs always, we appreciate your trust and confidence in Poly Capital Group.
Kenneth C.
Post Eviction (Cut Utilities)
4 October 2024 | 12 replies
I have a "friend" that has an apartment unit that consistently has bad tenants.
Rebecca Curtis
Hello BiggerPockets! New PRO here
3 October 2024 | 14 replies
If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!
David Renner
Best way to determine Duplex/Quad valuation.
3 October 2024 | 1 reply
However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.
Jill Hutson
How do you handle a long vacancy (2+ months)?
4 October 2024 | 26 replies
The difference is that as long as I am managing those soft expenses well my number is solid and consistent.