Dazza Guerrero
Need Help Getting Access to the MLS
23 September 2021 | 0 replies
I need access to the MLS.
Matthew Charde
How do you figure out fair market rents?
22 January 2022 | 11 replies
Tools like Zillow are getting pretty good at estimating market rents and rental listings are broadly available to see what others are asking in the area, but actual closed lease rates are the best indicator and agents with access to the MLS is the best tool I'm aware of for that
Frank Basile
Denver, CO- House Hacking or Affordable Ski Access Areas
11 October 2021 | 11 replies
My Primary goal is to live in a home in an area relatively accessible to the mountains, ski resorts, and the city.
Stephanie Ruiz
New to BP! New Jersey/ New York Area
27 September 2021 | 11 replies
There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts
Alleah F.
Getting started and have $200k...what kind of deal do I go after?
18 October 2021 | 8 replies
Unless you plan to pay cash for your properties, get pre-qualified for an investor loan, so you will know how much credit you will have access to.The end goal - This is usually something like $10,000/Mo. income, in present value dollars.Time frame - The shorter your time frame to reach your goal, the more initial capital and credit you will need.Your plan does not need to be complex or in any specific structure.
Ramon E Alvarez
IMF: "credit scores could soon be based on web browsing history"
29 September 2021 | 30 replies
The International Monetary Fund (IMF) has published the results of research conducted into how lenders are likely to be doing their business in the future, and what new information and personal data these companies plan to start asking from borrowers in order to determine their credit score.The biggest takeaway is the seemingly inevitable shift from merely accessing credit information to also incorporating people’s online behavior into the process of deciding whether to lend them money necessary, for example, to buy a house.Compared to the way the system now works in most countries – these changes, which are expected to be coming soon, look fairly invasive privacy-wise, and with no “vision” of proper safeguards.
Ted Holmes
Oklahoma City Portfolio Loan
28 September 2021 | 3 replies
Also, I wouldn't dismiss all brokers, as some of them have negotiated terms they can offer or access to private or lesser known funds you may not be aware of.
Danielle Alexander
NC Vacant Land contract
24 September 2021 | 1 reply
The owner is a very small nonprofit who has ties to my family, so we aren’t going to use any RE agents.I’ve noticed there is a North Carolina vacant land contract, but I don’t have access to it as a Texas real estate agent.I’ve noticed there is a North Carolina vacant land contract, but I don’t have access to it as a Texas real estate agent.Do I need an agent to complete this form?
Zach Giles
17 years old wondering on how I can get my foot in the door
26 September 2021 | 7 replies
It will give you access to VA loans, which can get you into a house-hack for virtually nothing and can be used over and over again (refinance out of the VA loan, do another one).
Nadir M.
Is rent too high for my listing?
15 October 2021 | 80 replies
Use Rentometer.com or BP Insight to have an idea of what the property will rent for.If you don’t have access to either then use 90% of whatever Zillow Rent Estimate is for example, if Zillow says it will rent for $2000, then 0.9x$2000 = $1800 will be the most likely rent.That been said, the best comparable is the one you get from an Agent because they have MLS access with a lot of data that will provide you the best result.Goodluck