Robin Simon
What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates
18 June 2024 | 0 replies
When bonds are bought, yields go down, meaning investors are OK with lower returns.
Ryan Ness
Knob & Tube Wiring 🔌 💡
21 June 2024 | 8 replies
The presence of the wiring was noted a week or so after we were in contract, but I also assumed from the start that it may come up on inspection due to the age of the property, and its location.
Frank Barletta
Houston: F the Weather but invest anyways.
18 June 2024 | 0 replies
While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.
John Sigs
What should I charge for Property Management?
20 June 2024 | 4 replies
But almost every realtor who does provides a level of service much lower than a PM because they do not:- Properly document the condition of the property before tenants move in, which hurts the owner on the back end when there are damages.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
Jim K.
For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
I am a living example that real estate, starting from practically nothing, can take you places.
Garrett Kroll
Preventing check in/outs on holidays
19 June 2024 | 7 replies
You could test it and see how it goes but I think you'll have more vacancy and might have to lower prices to keep them full.
Rania Mutumhe
House hacking as a newbie
21 June 2024 | 4 replies
Mid last year I came across biggerpockets, have been learning about REI and am thinking house hacking maybe the place to start for me.
Jeffery Speck
New LLC Tax Structure Question
21 June 2024 | 11 replies
You're starting from the wrong end.
Jason Hallett
Current Plan, looking for feedback.
21 June 2024 | 5 replies
If you get all the systems in place, the hourly work is not that much, but just starting, it will be significant.
Scott Eranio
Looking for advice on planned move
22 June 2024 | 8 replies
My wife is a nurse and I am telling you that was hard for her.Texas is a good place to start.