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Results (10,000+)
Ronin Crimmons Equity Rich - Need Advice
6 February 2024 | 26 replies
By paying taxes on the income you receive from the trust, you can potentially spread the tax burden over many years.
Sino U. Feeling Unmotivated and Lost
7 February 2024 | 40 replies
They will be able to speak from experience, and help you avoid potential pitfalls.
Chris Wang Inquiry Regarding Eviction Representation for Unpaid Rent in Worcester
6 February 2024 | 4 replies
After exhausting attempts to resolve the matter amicably, it has become apparent that I need legal assistance to navigate the eviction process.I'm looking to potentially retain any law services or eviction representation.
Luis Savery Jersey City Greenville Potential
5 February 2024 | 6 replies
Jersey City Greenville PotentialAny thoughts on Jersey City Greenville potential?
Leon Lee Caps on Utility Bills for MTR Guests?
6 February 2024 | 4 replies
In the midterm space most guests do not want to put utilities in their name for relatively short stays, particularly if the utility requires a credit check or substantial deposit so if you don't offer paid utilities it will cut down on your pool of potential renters.
Harry Maxtens Expensive house deal
6 February 2024 | 7 replies
You can have two houses that are identical according to the data on paper/ virtually, but millions of dollars apart in value for infinite reasons that you just can't know without being there (level of finishes, condition, smell, same builder or different, how the property will show to potential buyers, micro-location (same sub-division or different one across the street, one has awesome views while the other doesn't, one could be on a lake while the other isn't, one could be next to gas station or on a busy street, near train tracks, a smelly factory, backing to commercial or high density multifamily, one could have settling issues with the foundation because of expansive soils while the other doesn't etc. etc. etc.).
Jacob Thorpe Selling tiny homes
6 February 2024 | 3 replies
Hello biggerpockets community, I am selling TinyHomes and am wondering if there are lenders out there who would finance a TinyHome for a potential buyer.
Tony Pellettieri Our 3rd Investment Property - Which Exit strategy?
5 February 2024 | 9 replies
Let's break things down, hopefully, I am understanding everything correctly...Exit Strategy 1: Full Rehab and Rent IncreasePros:Higher ARV (After Repair Value): This strategy could potentially increase the property's value to $126,000, allowing for a higher cash-out refinance amount.Higher Rent: After the completion of the Scope of Work (SOW), the rent could be raised to $1,000, generating more monthly revenue.Long-Term Value: Completing a full rehab could increase the property's long-term value and appeal, making it more competitive in the market.Cons:Higher Initial Investment: The SOW budget is significantly higher at $15,750, requiring more cash upfront.Vacancy Risk: Asking the current renters to vacate for the rehab introduces the risk of vacancy and lost rental income during the renovation period.Longer Timeline: The rehab process and finding new tenants could extend the timeline before the property starts generating its anticipated cash flow.Exit Strategy 2: Minimal Repairs and Keeping Current RentersPros:Lower Initial Investment: With a SOW budget of just $2,500, this strategy requires less cash upfront.Quicker Turnaround: Completing minimal repairs and keeping the current tenants can significantly shorten the timeline to start generating cash flow.Reduced Vacancy Risk: By allowing the current tenants to stay, the property continues to generate income, avoiding the risks associated with vacancy.Cons:Lower ARV: This strategy results in a lower ARV of $110,000, which affects the cash-out refinance amount.Lower Rent Increase: The rent increase to $900 is less than what could be achieved with a full rehab.Future Repair Costs: Minimal repairs might not address all the property's needs, potentially leading to higher maintenance costs down the line.Financial Analysis:Cash Flow Considerations: Both strategies provide positive cash flow before reserves, with Strategy 1 generating $160 and Strategy 2 generating $148 monthly.
Vlad B. What is a better strategy today?
5 February 2024 | 19 replies
Potentially buying the property 5% or more above actual value.
Stuart Edwards I have a 9 acres in city limits in Texas and I want to build a mobile home park
6 February 2024 | 14 replies
I would write up a contract that is probably 3-6 months long with lots of potential exertions built into it.