Joshua Davidson
Basics of Maximizing Value in a BRRRR (4+ units)
8 March 2024 | 1 reply
As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.
Alex M.
Partnership structure - buy and hold
7 March 2024 | 13 replies
I am giving my partners a much larger than 15% CoC return over time by leveraging the properties and repeating which is why I can do the 50/50 split and charge the acquisition fee and ongoing management.
Jesse Buchanan
Contractors versus running crews for fix and flips
8 March 2024 | 19 replies
Part of the issue was we were bundling trades with our contractor.
Andreas Mueller
Warning! - Don’t Get Screwed by a Shiesty Contractor. How to avoid it, and more!
6 March 2024 | 2 replies
All stomach issues disappeared overnight.
Yoon Chong
AirBnb Management Liability/Insurance
8 March 2024 | 30 replies
I would put no other assets into this entity such that, if it is sued, there is nothing to lose.
Shafi Noss
Buying LLCs Instead of Property
8 March 2024 | 4 replies
And it gets around any title seasoning issues when using certain loan programs.I once established a new LLC in order to aquire and quickly resell a house.
Mark Koontz
Loans from Deferred Compensation Plan (Retirement)
8 March 2024 | 6 replies
. -1-5 year terms-Up to 50% of your account balance can be loaned (50k max)One of the issues I see is that the account is funded with pre-tax dollars.
Pavan Muralidhara
New to real estate investment
7 March 2024 | 29 replies
Rental income is typically lower than Class A, and there may be some deferred maintenance issues.
Regina Bailey
Chicago Residential Lease Agreement 2023
9 March 2024 | 77 replies
Maybe, that should be a met criteria, as others on here have the same issue.
Chris Terborg
Hello Everyone New to BiggerPockets!!!!
8 March 2024 | 10 replies
Lastly, be a good landlord and build a certain relationship with your tenants by ensuring that you address all issues and concerns in a timely manner.