Paige Corsello
Investing in multi-family residential construction?
22 June 2024 | 7 replies
Essentially there is a property management company that finds investors to pay for the build of duplexes that are then sold for 30%-40% more than the cost to build.
Nicholas Sedorus
NYC Rent stabilization question
24 June 2024 | 3 replies
It seems one of the requirements that a building be stabilized is that it has 6 or more units.
Michael Linde
Notes Buying First Timer
25 June 2024 | 6 replies
@Michael LindeYou will need to get educated on it - start by going over to the tax lien and mortgage note forum here on BP and watch some videos on YouTube.Full disclosure - unless you have a few hundred grand to invest notes probably not what you’re gonna be looking for.
Tonia Edgeston
Seeking To Redeem Family Property Due To Back Taxes
21 June 2024 | 2 replies
However, as the title states, it needs to be redeemed from back taxes, roughly 10k.
Austin Nicol
Choosing a House Hacking Market?
25 June 2024 | 7 replies
Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well.
Seth Bollinger
Beginner House Flipper
26 June 2024 | 7 replies
This method cost you nothing.This is a good starting point to build investment capital while you learn.If you plan to buy and hold or rehab and flip, then you will need either investment partners on conventional funding sources.
Matt Kitchen
Dog breeds and Liability
25 June 2024 | 15 replies
i.e if someone gets bit from a dog living in my building, am I more liable if that dog is a 50lb pitbull than if it is a 15lb yorkie?
AJ Wong
Top 7 reasons to consider an STR vacation rental investment on the Oregon Coast
25 June 2024 | 1 reply
Other STR related expenses such as electricity and gas are generally more investor friendly and bonus no sales tax in Oregon.- Distinguishably & Scarcity: One challenge (and opportunity) of investing in Oregon is healthy and happy properties.
Nicholas A.
Miami Florida Metro Area home insurance, flood insurance, other costs
24 June 2024 | 5 replies
yes of course you have to build above flood plains to even build in miami and most of the city lots are non flood plain lots that have been built on previously. even if they were you can build above the flood plain and pull it out of the flood plain once it is constructed depending on the parcel
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
24 June 2024 | 3 replies
The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.