Kerron Hendrickson
New to the Investment world
30 October 2024 | 16 replies
Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------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 Class A property in Class D area, what quality of tenant will you get?
Brian Dolbeare
Determining accurate rent projections for deal analysis...
29 October 2024 | 11 replies
You can see big differences between similar houses based on location, even within the same city, and quality or the property.
Jamie Dupont
Rochester NY LTR Tenant 4K damages
31 October 2024 | 17 replies
Are their listings detailed with good-quality photos?
Vishal Kumar
Jefferson Street Investing
29 October 2024 | 5 replies
Nashville is a very pocketed city when it comes to neighborhood quality especially in relation to crime rates, overall aesthetics or available amenities.
Anne Christensen
Our Why and the Best Strategy to Acheive Our Retirement Goals
29 October 2024 | 11 replies
Anne, I would advise you to focus less on the number of “doors” and more on the quality of your investments.
Ryan Cleary
$4,500 for 5 Zillow Leads....
28 October 2024 | 23 replies
That is absolutely nuts...We had Zillow and they kept upcharging and the lead quality went down.
Alicia Kuluris
Partnership After All the Work is Done and Home is Making a profit
2 November 2024 | 22 replies
You could even define quality metrics for some of these tasks to avoid a party doing subpar work (e.g., all guest questions must be answered within X hours/days).OWNER USE: What if one party wants to use the property during the highest demand time?
Pete Schiebel
Is it common to require first and last month's rent for new tenants?
30 October 2024 | 12 replies
If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.
Ryan G.
BRRRR in Memphis from long distance.
30 October 2024 | 21 replies
He is a poster here on BP who has talked about it the most, and for the longest as far as I can remember, so he will be a quality contact for helping build your team.
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
4 November 2024 | 33 replies
Sure it works to get your money out, but when you when try to rent the property out, you are sitting with vacancies, low quality applications, and if you try to sell you can't nearly get what the home appraised for.