Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
Quote from @V.G Jason: Buy 2-3 quality rentals with a 1.25 DSCR.
Pat O'Connor
San Diego Property Managers
22 January 2025 | 4 replies
Are their listings detailed with good quality photos?
Leon George
New to BP Community
24 January 2025 | 13 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------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?
Gabriel Williams
Hello from Racine
23 January 2025 | 9 replies
The market in Racine is much different than Kenosha and we have been having a hard time getting quality tenant applicants.
Polat Caglayan
C class or not how can ı understand
11 January 2025 | 2 replies
@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.
Cheng Chu
Rental Demand in Mckinney, Texas
12 January 2025 | 3 replies
McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------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?
Tayvion Payton
Thoughts on a Multi-Family Deal in 76104, Fort Worth? Looking for Cash Flow!
21 January 2025 | 3 replies
Crime and Tenant Quality: With the higher crime rate in 76104, how much impact could this have on tenant retention and turnover?
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
24 January 2025 | 35 replies
Many education programs that could be scams promote junk services and the quality of all they sell or promote is definitely junk.
Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
The quality of answers to your are directly correlated to the quality of your questions asked.