Joe Gieringer
Refinancing 28 unit mixed use after 6 months
20 April 2019 | 3 replies
I count myself as a Biggerpockets success story.
Kai Van Leuven
Cashflow: BP most MISUNDERSTOOD term
24 April 2019 | 56 replies
So is the Sales Proceeds when you sell.When an Investor believes that the definition of Cash Flow has ONLY (and I want to make sure you see the emphasis on ONLY) to do with how much monthly cash he puts into his pockets on a monthly basis and ignores all other cash flows, the the statement "X property makes $xxx amount of cash flow" is FLAWED at best.As Kai pointed out, you can be at ZERO monthly cash flow but if you sell at a huge profit, meaning your LAST cash flow which is your Sales Proceeds is HUGE.... your overall Return is GREAT, if you count EVERY Cash Flow.Similarly, if you were making, say, $200 per month in year 1, which may be a 10% Cash on Cash Return if you invested $24,000 out of your pocket, BUT, if you were forced to sell the property after Year 1 for a LOSS of $3,000 in Seller's Closing Costs, then your DEAL was BAD because you lost money overall.
Jennifer Velez
What do you look for in a mobile home investment?
24 April 2019 | 3 replies
Location"In or around a MSA of 30,000 people or moreWithin close proximity of a Walmart (If Walmart won't go there, you shouldn't either)Sustainable economic drivers (employment for your residents)Entry level home values above 100kSize - depending on your operational strategy, I have found that larger parks tend to work better50 spaces or more if you plan to use an onsite management team (smaller than that will have a tough time affording a good onsite team)Smaller parks can be managed with a 3rd party, but keep in mind you can't really count on them to move the needle for you on items like filling vacant pads, renovating homes, selling homes, or any major capital improvements, so you should have a plan to handle those items.
Terrance Wiggins
Lend me your you ear please
23 April 2019 | 16 replies
There are only so many hours in the day so you must make them count.
Jay Hinrichs
HELP my threads wont load..
22 April 2019 | 11 replies
It should show you 8 pages worth of posts. (8 pages not being screens, but what the forum counts as a page).
Account Closed
What are farm areas?
24 April 2019 | 2 replies
It could be homes that you hand pick based on criteria that you establish (sq ft, bedroom count, etc) that aren't necessarily even in the same area.The process is VERY similar to ACTUAL farming, which is why the terminology is used.
Hub Knott
Vacancy rates for Baltimore
23 April 2019 | 6 replies
@Hub Knott I doubt there is a solid number out there you can count on.
Alexander Gee
Househack offer thoughts
24 April 2019 | 5 replies
I know there are things I can do to alleviate the burden of the utilities or get more rent (I.e. raising rents, coin laundry, charging for storage/garage) but I don't want to count on them when determining an offer.Thanks in advance!
Andrew Brown
Any experts on Charleston SC?
19 June 2019 | 10 replies
If that happens, it would speed up development and increase values on Wadmalaw and Johns but I wouldn't count on it anytime soon.
Alex Wasilchuk
Properties that are under the 1% Rule
22 April 2019 | 3 replies
There are many rules of them, but real numbers are what counts.