Akhila Chandupatla
new investor looking for advice on first purchase
18 February 2022 | 11 replies
I think the NW corridor of Leander/Georgetown is developing beautifully but the rent to purchase price ratio tends to lag slightly when compared to its neighboring suburb of Cedar Park.
Sean Ryther
Hitting some hurdles - any advice greatly appreciated.
10 January 2022 | 4 replies
I personally don't have much experience with rocket or guaranteed rate but it doesn't hurt to check out what they are offering and compare with some of your local lenders.
Ben Fichter
Looking Back at Quincy MA's RE Market 2019-2022
9 January 2022 | 0 replies
You can see in the violin plot that compared to 2019, the long tail of slow-selling properties gets visibly thinner in 2020 and 2021:The closing price vs. list price graph further highlights increasing frothiness in the market:Properties that sold for the highest percentage over list:Listed 7/17/2021 for $589,000, sold 9/8/2021 for $753,000 (27.8% over list)Listed 11/4/2021 for $399,900, sold 12/14/2021 for $504,200 (26.1% over list)Listed 7/16/2021 for $524,900, sold 8/19/2021 for $650,000 (23.8% over list)Properties that sold for the highest percentage under list:Listed 7/18/2018 for $539,900, sold 2/1/2019 for $300,000 (44.4% under list)Listed 7/27/2020 for $1,950,000, sold 11/30/2020 for $1,250,000 (35.9% under list)Listed 6/20/2019 for $749,900, sold 12.30/2019 for $530,000 (29.3% under list)Wrap UpNothing unexpected fell out of the data; prices increased considerably and the Quincy market got hot during a time of historic asset appreciation nationwide.
Lagic Prize
Thoughts on My HouseHack Plan in Laurel MD
20 January 2022 | 6 replies
Sidenote- crazy how one roomate makes a huge difference, this is literally 3x the cost compared to if I just rent out the room and find parking on the street or around the neighborhood- they have a few spaces throughout the development).
Caleb Barbosa
Looking to get started in the Central Florida real estate market.
21 January 2022 | 5 replies
Hey @Caleb Barbosa.As of right now, Central Florida is one of the best places to invest, you get more for your money than you will compared to South Florida.House Hacking is definitely a great strategy to get started in RE investing.
Frank McGovern
Feedback for Forum - Quote Boxes
10 January 2022 | 0 replies
Many people love to quote a chain of discussions on here and it makes it very difficult to find where they started talking with their addition compared to what they quoted.This is something any of you have seen if you use other forums as BP is the first forum site I've discovered where this doesn't happen.
Mike Gerson
What is your criteria for a BRRR
10 January 2022 | 4 replies
How much do you want the ARV to be compared to the purchase price plus repair cost?
Randell Harris
How do you adjust a comp to account for age difference?
10 January 2022 | 3 replies
You are better off comparing to similar age properties that sold longer ago than you would normally look back.
Shawn Jacobsen
Who should pay for utilities
10 January 2022 | 1 reply
Would you say a multi family house is worth more when all utilities are separated between the units (tenants pay utilities) compared to being not separated and landlord charges more for rent to cover utilities.
Gabriel C.
Rental Insurance and/or Business owner Insurance
10 January 2022 | 2 replies
Be sure to compare the coverage as well as the price.