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26 March 2020 | 3 replies
What you are doing is a common mistake for many, many first-time real estate investors--you go around and around, collecting information, doing more research, learning about the market, studying any and every piece of information you can find, but you NEVER PULL THE TRIGGER.
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24 July 2021 | 172 replies
Like I said, the common sense approach here is give tenants rent forbearance (they still have to pay it later) and only if the tenant has hardship.
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5 April 2020 | 15 replies
I am in the lending industry and unfortunately this is very common in the last couple weeks.
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3 April 2020 | 26 replies
Typically the SBA views businesses with common ownership as affiliates and calculates them into the size and eligibility calculation.
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29 March 2020 | 12 replies
Hello BiggerPockets!I am a fairly new investor from Illinois. I want to connect with other investors from different markets that I am interested in getting started in. My main goal is to develop a portfolio of renta...
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9 April 2020 | 14 replies
One of the other questions I was hoping to get some inputs from this community is whether detecting some contaminants in soil and air is common or not for auto service properties.
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14 April 2020 | 21 replies
If I had to guess, I'd say referral is the most common way people find their agents.
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27 March 2020 | 7 replies
For maintenance requests, a handyman can be provided a temporary code, perform the repair, and leave without needing the door opened for them.This is also a common strategy with short term rentals (i.e.
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27 March 2020 | 4 replies
This is a common calculation investors use, but should not be the only one taken into consideration.
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29 March 2020 | 5 replies
If you’re not in the area often then yes, long term rentals may provide more stability for you.Either way, I do recommend that you buy based on reasonable long-term rent #s, not AirBNB #s, since you may not be able to do AirBNB if you’re not actively living in the property.As far as $2500-$3000 per month, if you mean gross rents then yes I think that’s do-able if you have decent-sized and -condition units and especially if you have 3 units with at least 2 beds per unit.Management fees are usually a percentage of collected rents, which is probably also true in NYC. 10% is “common” but some property managers may charge more or less depending on what services they offer, how many units they’d be managing for you (think quantity discount) and what you can negotiate.