Joe Smith
Financing Land/New Build During/Just After Flip
13 June 2024 | 9 replies
From the research I’ve done, we wouldn’t have enough saved to put the standard 20-30% down without the sale of the flip, and we are over the income limit for a USDA loan.
Alex Zweydoff
Why Landlords and Investors Should Use a NARPM Member Property Manager
13 June 2024 | 9 replies
I have been a NARPM member for over 12yrs.
Steve Welty
Hey BiggerPockets Community, I'm Steve!
13 June 2024 | 6 replies
We've been in the property management game for over 11 years, managing over 1,300 properties with a fantastic team of 40 employees.
Moses Sefah Bosompem
How Do You Conduct Market Research for Your Investments?
13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
Nathan Gesner
How much reserve should you maintain?
12 June 2024 | 9 replies
If you have $40,000 in the bank, you shouldn't spend more than $30,000 of it.
Julie Bourdon
New to real estate - Not sure where to start
14 June 2024 | 18 replies
look at 50 properties over the next 6 months and make reasonable offers that you're comfortable with.
Andrew Glavinic
Property Management Software - DoorLoop
12 June 2024 | 57 replies
I have also been considering XERO as I have found that it is more real estate friendly over quickbooks.
Elan Adler
Which Huntsville neighborhoods look the most promising for growth?
13 June 2024 | 2 replies
We have one property that rents for over $2k that we bought quite a while ago - it is in a prime Jones Valley location (35802), and would sell for way over 350k if we ever decided to move it.$250k will get you a rent of around $1500.
AJ Wong
Rookie Multi Family investor utilizes low 15% down payment DSCR loan on 4-Plex
13 June 2024 | 2 replies
To get 'over' 80% LTV they had to verify 6 most PITI reserves (as opposed to 3 months).
Suzanne Marlatt
SFH converted to two dwellings for college students
13 June 2024 | 2 replies
We are wanting to find investors who would like to enter the Moscow real estate market with a partnership in a business model that has worked for over 4 yrs.