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26 July 2021 | 8 replies
I like the search features: https://www.biggerpockets.com/search
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11 August 2021 | 28 replies
Even with a VA loan you are mostly gambling on appreciation with low cap cashflow.
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20 October 2021 | 24 replies
It’s a 16% cap rate, NOI of $50,000, gross income of 96k. 87 % occupancy rate, $154 a night.
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2 August 2021 | 10 replies
I like the search features: https://www.biggerpockets.com/search
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28 July 2021 | 8 replies
Take advantage of the networking opportunities and best wishes to you.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
11 August 2021 | 5 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts
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26 July 2021 | 6 replies
Generally the amount of liability coverage will be capped.
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29 July 2021 | 10 replies
Do you have a cap that will get me to 100%?
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24 August 2021 | 5 replies
As a 'mom/pop' landlord myself, I solely post my properties on zillow because that's where I figure most people are looking, and zillow offers an application feature that makes screening pretty easy on me.
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8 August 2021 | 16 replies
Tenant screening will be paramount.Here are the numbers I crunchedPurchase$165,000.00 (2% back toward closing)RentCurrently $1950.00 but market rates would have the building to $2100-$2200 somewhat easilyMortgage$555.69Taxes$233.33Insurance$100.0Vacancy (6%)$126.00Repairs/capex (14%)$250.00Prop Mg (10%)$197.00Save for Tenant-Finding, typically 1st mo's rent ($800/ yearly) + Utilites ($2000/ yearly)$2800.00Income w Mortgage$404.24IRR (ROI)19.34%Cap Rate6.98%COC10.56%