Dave Dumoulin
Investing in Toledo
14 May 2024 | 12 replies
Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.
Ryan Earl
Selling our house - investors or realtors? (Please Help!!)
15 May 2024 | 35 replies
Now we will likely pay through another escrow agreement to a cleaning company to deep clean, so likely another 5k… but that will come out of our pockets during/after escrow.
Travis Timmons
Out of state BRRRR-STR - come with me on a stressful adventure
12 May 2024 | 12 replies
It was our 2nd property in that market; we have a deep bench of vendors.
Summer Chen
MTR starter seeking advice
11 May 2024 | 7 replies
Ideally, they're either going to pet day care or have a pet walker come in to relieve them during the day.
Nathan Frost
Overleveraged Advice Please Help
14 May 2024 | 125 replies
I say take a deep breath, step back, have a drink, chill-out, then approach the situation in a way to answer everything with MATH. use math, data, details to say how good or bad each property is, and to dictate what direction should be.
Carlos Ptriawan
Biggerpockets and AI
10 May 2024 | 7 replies
Developing an AI solution would relieve your free contributors from the repetitive questions that have been asked and answered but the user has chosen not onuse the lookup.
John C.
New Roof Flooded Building
9 May 2024 | 1 reply
-It rained, and the water from the rain stayed on the roof, up until 5 inches deep in some places.
Douglas Gratz
What is the new construction process? Dig lot, pour concrete, etc
14 May 2024 | 201 replies
If they can not help you with budget I would move on to a new consultant before you are too deep with them.
Henry Lazerow
40 year DSCR cash out loans?
9 May 2024 | 2 replies
Just want to be careful on which broker/lender you use because some of them have a prepayment requirement and try to stick you with a 3-5 year prepay.There is also a 40 year I/O interest only but its only fixed for the first (10) years.Make sure you know how many months reserves they require before you get to deep into paying for the appraisal and then find out the deal is cancelled in underwriting.
Bruno P.
New to real estate investments. Want to start with small multifamily in Chicago.
9 May 2024 | 11 replies
First, learn about ways to make money last, set your aims, grasp house hacking, check if you're ready money-wise, do deep market checks, make friends with local home investors, agents, lenders, and those who manage properties, go deep into property details, and get to know the local home laws well.