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30 April 2024 | 28 replies
Sourcing and maintaining reliable and affordable contractors without scale (although my 3rd party PMs have the same issue).
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29 April 2024 | 4 replies
Hello BiggerPockets fam,Curious to gain some insight on an issue that was brought to my attention at my rental property.
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29 April 2024 | 4 replies
I almost always spend at least 5K getting a house in relatively good shape rent ready.
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27 April 2024 | 2 replies
I'm going to be as lenient as possible I just worry that she could fall 1-2-3 months behind and it's just a really delicate situation to try to collect when she's having major health issues.
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29 April 2024 | 8 replies
I have been having a few recurring issues in different rentals and I have been debating on buying my own sewer scope.
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29 April 2024 | 10 replies
That is an exception though - most of our sports related stays are driven by ESPN all year, including the summer months.
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29 April 2024 | 10 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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29 April 2024 | 3 replies
A few suggestions:Get a Job, Borrow from Parents/relatives, Get a partner for the deal, or (trigger warning: not PC) renounce US citizenship, cross the border illegally, and get all the government money you need.
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30 April 2024 | 7 replies
Income, employment and DTI would be factors with an owner occupied loan, so if you think you might have issues qualifying, making it strictly an investment property may be your best bet.
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29 April 2024 | 10 replies
You cannot kick them out; cities have reasonable standards for issuing citations, so you have a problem3.