Evan Ross
Managing rent increases
30 December 2024 | 11 replies
You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
Marcus Auerbach
Mortgage rates going up. Is the market expecting inflation?
24 December 2024 | 25 replies
Investors want a premium on mortgages over the saver treasury bill, historically about 1.7%, but currently more like 2.5% which gets us back over 7% for 30y fixed.I would not be totally surprised if we see 8% in Q1.
Philip Ganz
How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
Brett, can you add to this DST "trust account", ie if I sell multiple properties in 2-4 transactions, can they be maintained in the same trust?
Ana Carini
Payment Processing Options for Cohosts
18 December 2024 | 9 replies
All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner.
Brandon Ortiz
How To Get Started | Bay Area
9 December 2024 | 9 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
Alex Iverson
Reelvest, Land Conquest, Turning Profit, Pete Reese
24 December 2024 | 4 replies
Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size.
S.V. Bennett
Professional Artist & Lost Entrepreneur
19 December 2024 | 2 replies
All that said, I actual in cocoa beach area so probably even more desired than orlando but orlando was all it would allow me to select when setting up my account.
Erin Helle
One month left in 2024 - What are your Goals!
23 December 2024 | 20 replies
Quote from @Rhyse Andrews: @Erin Helle1) try to squeeze in some tutoring sessions for mid terms/finals before schools go on break.2) set up EIN and a business bank account Love it. #2 won't take long at all (less than 2 hours total) and will set you up nicely for next year!
Sanjay Bhagat
Track record of Syndicate
12 December 2024 | 18 replies
2) Get the sponsor accountant/CPA/CA to certify the sponsor result?