Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Kenzer Hodgson New to STR
19 December 2024 | 6 replies
typically log in once a week to check pricing, make changes as needed.
Justin Jefferson Can someone guide me through the first step of analysis
22 December 2024 | 8 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Joseph Chacko vellukunnel Rookie investor exploring a multi family in jersey city heights
17 December 2024 | 8 replies
Water - landlord plays in JC heights typically.
Michael Nguyen New investor....Should I buy single or multi-family?
23 December 2024 | 14 replies
Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.
Jeff Shaver Need Advice on how to best use my equity.
23 December 2024 | 15 replies
Just ensure the new property aligns with your financial goals and cash flow expectations.After completing a 1031 exchange, you typically don’t have to wait long to do a cash-out refinance.
Rae Chris Advise on first flip, loans, contractors
18 December 2024 | 7 replies
. $300k loan needs to show $15k liquid assets, and draws typically require you to pay contractors and obtain a lien release before you can be reimbursed for the money you paid contractor.While I know there are a lot of people who use low money down loans to get started, it is risky.  
Robert Ok How Many Adjustments Do You See During Comps
15 December 2024 | 0 replies
E.g. you could have adjustments for extra garage, carport, bedroom, etc.So when doing Comps for a typical wholesale or Flip deal how many of these adjustments do you typically run into?
Joel Ward Graba Equity Experience?
18 December 2024 | 4 replies
You typically get the monthly payments but also backed by portfolio and not one note.
Marc Shin STR soap and toilet paper
19 December 2024 | 28 replies
Everyone else is typically just happy to have something there for them.I'm sure others have differing opinions but this has worked great for me.
Rafael Ro What are some realistic tenancy terms and maintenance costs (turnkey)?
19 December 2024 | 5 replies
It's one thing to say that "a typical tenant would likely stay for X years" and another to say that "on average, across our properties and thousands of leases, we see that tenants stay X years" -- the first one is a bit of an assumption and the second one is a stated fact.