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Results (10,000+)
Claudia Acanda advice please on a miami home
17 February 2024 | 4 replies
Combine all of these factors with typical location considerations.
Paul Tan First post and ready to buy! What do you think of my strategy?
14 February 2024 | 38 replies
HODL.Here are my pros and cons for each:### $100K-200K ### <-- More Active InvestmentPros- Higher Price to Rent Ratio- Fast turnaround to purchasing next property (6 month before ReFi)- Value Add repairs can improve house value a lot- 3-4+ purchases in 5 years = More Learning Opportunities/NetworkingCons- Higher Risk of Bad Tenant- Maintenance Repairs- Lemon Purchases### $300K+ ### <-- More Passive InvestmentPros- More equity to draw from down the road- Good Neighborhood- Family Tenants are saferCons- Higher Operational expenses (Taxes, Insurance)- HOA Limitations- Typically recent builds/renovations so not much room for Rehab- 1-2 purchases in 5 years = Fewer Learning OpportunitiesI know that there is no one solution.
Marcus H. Set up Quickbooks for real estate investing/rentals
17 February 2024 | 27 replies
@Nancy NevilleI have set up as you described above, but the rent payments received show up in reports as a negative amount and the expense show as a positive amount.
Joseph Gringeri Tips for Purchasing an Old Property
16 February 2024 | 7 replies
Properties built that old typically come with more repairs and cap ex, which can eat away your cash flow.Major things to look at for would be how recent the plumbing, electrical, HVAC and roof was updated.
Chris Gormley Wholesale Cold Caller Help!
17 February 2024 | 8 replies
You need to know what a decent conversation sounds like, what a typical caller should be able to do every day, week and month.
Laura Lewis DSCR Home Loan
15 February 2024 | 9 replies
DSCR is a type of investment property loan that lenders use to evaluate the cash flow from a property relative to its debt obligations, rather than primarily focusing on you, the borrower's personal income.Down payment: Expect to need at least 20% to 30% as a down payment, though this can vary by lender and property type.Interest rate: Interest rates for DSCR loans are typically higher than those for conventional loans because lenders view them as higher risk.
Troy P. Trying to sell home to tenant with no financial history
17 February 2024 | 25 replies
I know a lease-opiton is typically a good strategy, but I don't want to set her up for failure just to make a dollar. 
Joshua Morris Is Los Angeles a good market for a rookie wholesaler?
16 February 2024 | 1 reply
Yes, for a few reasons.1) local to you - you would most likely have an edge to start right where you are, since you may have better access to data and physically can go to the properties and/or meet investors in person, if need be, etc. 2) since the #'s are typically larger here (SoCal) you have the potential to make larger $'s !
Rahmel Stokley Real Estate Investor
16 February 2024 | 4 replies
I recommend checking out local meetups to grow your network and setting up keyword alerts to receive notifications about topics and areas of interest.Wishing you the best on your journey!
Pafoua Vang Xiong Low credit score. Need to refi out of hardmoney
15 February 2024 | 12 replies
Hi Pafoua, DSCR would be the typical option for this, though if your FICO score is under 620 that likely wouldn't be an option.