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15 February 2025 | 10 replies
@David LewisRecommend 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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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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1 February 2025 | 2 replies
@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance.
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29 January 2025 | 5 replies
I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack').
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12 February 2025 | 5 replies
Yes, there are definitely 15% down options available for investment property purchases!
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12 February 2025 | 3 replies
I purchased a property that needed a lot more work then intended.
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11 February 2025 | 2 replies
I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.
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19 February 2025 | 27 replies
I tell my Colorado STR clients they want to see annual STR revenues that are at least 10% of the purchase price.
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10 February 2025 | 0 replies
Purchase price: $232,500 Cash invested: $45,000 Newly renovated SFR in Shore Acres, St.
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19 February 2025 | 17 replies
I signed my purchase agreement, the rates came down today to 6.625 which I locked in for.