Jae Oalmer
New real estate investor
12 May 2024 | 21 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
James Mc Ree
Solutions for problematic service animals
12 May 2024 | 14 replies
I am already requiring the tenant cover repair costs and want to tell them the dogs have to go.
Josh Barnes
Rondo Investments Experience?
12 May 2024 | 4 replies
Rondo investment cost me a lot of troubles.
Landon Harless
Hello BP Community!
12 May 2024 | 19 replies
I'm not ruling out Florida, but it isn't my focus because of taxes and insurance costs.
West Kite
What should I do? floating interest rate on new construction
12 May 2024 | 1 reply
If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.
Vince Craig
The Power Of Seller Financing
11 May 2024 | 53 replies
I'd love to learn more engaging dialogue that can motivate property owners to seriously consider owner financing methods.
Tom P.
Newbie question on being a landlord
12 May 2024 | 4 replies
We include lawn care in all of our rentals through a contract with a private company and just build the cost into the rent because tenants suck at taking care of lawns.
Sam Booth
So Dave Ramsey says.....
13 May 2024 | 79 replies
At currently 3.4% inflation (if you believe it) the real cost of money after inflation is about 4%.
Tatenda Mpofu
Common Surveys Performed During Diligence
12 May 2024 | 8 replies
Thank you,I'm new to this type of investing (more familiar with buying businesses) so I'm cobbling together information from brokers, chatGPT and everything in between to figure out what I need to (at reasonable cost while controlling risk profile) complete an acquisition.Facility is in rural Kansas, and is composed of a portfolio of 4 buildings on 3 parcels. 195 unit count - ~10 years old on average, some are newer (2 years) others older (15+ years)I'm trying to learn what I should watch out for in the process and what studies will be needed to get a good level of comfort before acquiring the facilities
Michelle Curran
Cost Seg on a STR Reno all Self-done
8 May 2024 | 7 replies
Trying to determine if a cost seg study is worthwhile.