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24 February 2024 | 8 replies
I bet the utility company offers these at a discount.
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23 February 2024 | 3 replies
Even if it did it's still possible. in columbus you can buy infill lots for 8k in some markets. let's say you get a cheap one like that with public utilities. taps are going to be higher on a duplex but let's say 7k, then you have engineering and building permits and architect fees which lets say you do it as good as us, 5k. you are at 20k. now you have 180k to build.
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23 February 2024 | 5 replies
@Josh Thomas, are you utilizing a local property manager for this duplex?
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23 February 2024 | 3 replies
If you are interested in continuing to be a landlord then it would be a good idea to keep the current property that you landlord and utilize a Long Term Rental loan to purchase your next property for your portfolio.
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24 February 2024 | 5 replies
Utilize resources such as the BiggerPockets Rental Property Calculator to evaluate possible transactions and comprehend the associated financial figures.Keep in mind that buying a home is an ongoing learning experience.
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23 February 2024 | 12 replies
@Chris Murdien I don't believe you can't actually bill tenants for electricity that you don't pay for or you become a utility company.
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24 February 2024 | 30 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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22 February 2024 | 4 replies
Greetings all,The calculator for bigger pockets is geared towards residential real estate. What adjustments should I make when sizing up a commercial property? Since with commercial properties, tenants will pay for th...
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24 February 2024 | 28 replies
We have typically used VRBO to list our property.
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23 February 2024 | 26 replies
Assuming you’re speaking of investment property rather than personal residence, minimum down payment with good credit is 20-25%.While there may be higher leverage options available, utilizing them almost always results in negative cash flow for an extended period of time.