Brian Schmelzlen
What has worked best for you in finding a deal?
28 November 2017 | 4 replies
I think you’ll find that everybody has their own "secret sauce" which often is a combination multiple sources.Free MLS services such as loopnet are great for getting a sense of the market but will never have a full set of commercial listings in the area.
Lauren Reed
Little Money, But Plenty of Time!
3 December 2017 | 7 replies
I also have over eight years experience in customer service roles and managing customer service teams and accounts retention.
Youdo Thirakul
How does auction.com really work?
12 December 2017 | 28 replies
On auction.com I was chatting on live chat with customer service representative and I asked if I will get a clear title on bank owned properties.
Sonu Sundar
First time renting a unit
1 December 2017 | 6 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
Jeremy Kolasa
Blue print drafting area/corner on Bigger Pockets
28 November 2017 | 1 reply
If you want to offer your services in exchange for training or the opportunity to participate in a project you'll want to post in the Marketplace.
David Morgan
Self-directed Roth 401(k) questions
1 December 2017 | 15 replies
I would highly recommend using one of the Providers on here (I use @Dmitriy Fomichenko and have been very happy with his services) , they are not directly allowed to promote themselves on here, but just look at the signature lines and you can tell who they are.
Michael White
Cost To Hook Up Water
28 November 2017 | 2 replies
How many water meters and branch off services are you doing?
Andrea F.
Get our feet wet by buying Mother-In-Law's home?
28 November 2017 | 2 replies
I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!
Art Maydan
Where Do Property Managers Hang Their Licenses?
29 November 2017 | 8 replies
If they don't offer PM services...you cannot do so either.
Wendy Carpenter
Is my realtor right or am I? Analysis critique!
6 December 2017 | 37 replies
I ran the numbers on my own and I got wildly different calculations.4 units are 2bd/1bth and rent for $5501 unit is 3 bd/2bth and rents for $675Total rents of $2875Owner pays some utilities at a cost of $8,800/ yearHere's what I got running it with the BP Rental Calculator (as self-managed):-Purchase price of $250,000 (I did estimate of $300k ARV price)-25% down: $62,500-Amount financed: $187,500-4.5% interest: P&I of $1,042.19-Capex: 7%: $201.25/mo-Maintenance/repairs: 7%: $201.25/mo-Vacancy 5%: $143.75/mo-Property taxes: $191.67/mo-Utilities: about $733.33 mo-Insurance: $220/moNOI of $14,209Income $2,875.00 - total monthly expenses (including debt service) $2,733.10 = $141.90/mo cash flow and 2.64% COC with a purchase cap rate of 5.68%.I told her I must be missing something, and she asked if I “had the NOI at $21,662?”