Samantha A.
The Opposite Problem - Have cash to invest but can't decide where
9 July 2019 | 22 replies
If the deal is still there, its a high likelihood that its not a deal.Some of the worst at the hype game are the big boiler room wholesalers that advertise they have 20-30 "deals" monthly.IMO pick a neighborhood, drive it, go to every single open house.
Vuthy Seang
New member with 20k capital looking to invest out of state
22 June 2019 | 42 replies
I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.
Account Closed
What does "Raise money" mean?
17 June 2019 | 4 replies
You cannot solicit or advertise.
Frank Bonzai
House hacking vs Marketing
21 June 2019 | 2 replies
Wholesaling is not anywhere near as easy as advertised, and you would probably be throwing your first 5k into the paper shredder.
Derek Martin
Experienced Bay Area Investors - asking for your advice
29 February 2020 | 4 replies
If you truly have a relative that left you a million dollars you probably would not be advertising this on a public forum.However I will “bite” and would advise you to get some estate planning going....
Villy Ellinger
Projecting gross annual revenue for a vacation rental
16 June 2019 | 7 replies
I did some research after that and found out the following: the unit was dated (bad decor), managed and advertised by the owner on VRBO.
Tyler Holzer
Do you cap windows on your rentals?
1 July 2019 | 20 replies
That's why they specialize in windows and advertise like mad.
Account Closed
Advertisement vs reality
15 June 2019 | 0 replies
Hello,I got my offer accepted on a residential property, placed the required deposit and I ordered my inspections.The house was advertised on MLS as being equipped with A/C but during the inspection it was revealed the it actually didn’t.The selling agent at first assumed full responsibility for the error and started getting quotes for A/C install to actually turn around and state that he called CAR and had been told that because it’s a material fact and it was disclosed to the buyer during escrow, the seller is not obligated to credit nor install an AC.Can someone here validate what the agent is stating?
Trey DeJohn
Renting out rooms - Owner Occupied - What’s Allowed?
17 June 2019 | 4 replies
Same equal opportunity housing laws apply - cant discriminate based on age, race, disability, religion, family size, etc.. so technically all those ads saying ‘Room for Rent - perfect for college student/ one person/(or other caterings) are ‘illegal’ and can be considered discriminatory..BUT those ads are very common and it’s unlikely anyone would pursue reporting ... nevertheless, you could be opening yourself up for potential legal consequences so I just keep my ads/posts very generic and objective stuff about the room/house, etc.Buttttt, one good thing owner occupied properties, you CAN advertise & select a tenant based on Gender!
Thuy Pham-Satrappe
Do you buy small MF (2-4 units) for cash flow or appreciation?
17 July 2019 | 160 replies
Here is a short list of unexpected costs that can reduce CF, or easily eliminate it altogether for years especially if the margins are thin and the property only kicks off a few hundred/mo (all of these are actual issues I've dealt with in the past few years that effected CF): Annual Backflow Prevention Assembly Tests/Code changes requiring additional backflow prevention devices“Churn”: high vacancy and turnover rate/ tenant drama/ evictions/ turnover expensesBad PMBad tenantsHOA fee increases/special assessments (condo/townhomes especially but also MF/commercial complexes)Trash hauling/property cleanup—ghetto properties are trash magnetsCrimeTheftTenant DeathMileageToolsTenant placement: screening charges, advertising, professional photos, travel, 3D tours, etc.Property tax increase based on sales price you just paidInsurance rate increase based on a claim you made or a high number of claims in the area Trees-- maintaining trees costs more money than many people realizeAnnual Sewer ScopeAttorney feesTravel costsPest Control—We recently had the unexpected pleasure of evicting some bed bugs from a newly acquired 8 unit building.