Account Closed
Need advice on building LTR and STR Portfolio
15 July 2024 | 5 replies
I am a specialist in in the Tampa Florida area and know that just starting out, it can be tricky.
Karolina Powell
What are my options to make this deal work?
16 July 2024 | 4 replies
They are asking 950K.Gross rents: 100,800Utilities: 3KInsurance: 7KProperty taxes are roughly 10K for each 450K in value.Repair/Maintenance: Don't have figures yet but I'm assuming it'll average out around 10K a year.The lender I am speaking with also requires me to also include an 8% vacancy rate and a 5% management fee whether I have those or not.With an interest rate of 8.15% and 20 year amortization, I can't get close to a 1.2 DSCR until my amount borrowed is down to about 450K.
Jason Shackleton
What States are STR investors buying in right now?
10 July 2024 | 34 replies
I am undereducated on most other states but I imagine CO, CA, TN, NY etc all have thriving locations as well, just unsure about their regulations and returns especially in the high tax states.
James Stoddard
ADU Garage Conversion
16 July 2024 | 1 reply
Having engineering plans and calculations can streamline the permitting process, as many local authorities require this documentation for ADU conversions.I can't give an invoice estimate as I am not well versed in how engineers price their work, but I would assume something around $5,000 for engineering services on a project of this size.
Lee Leoncio
I would appreciate some advices.
11 July 2024 | 9 replies
I am like a sponge right now willing to learn or shadow anyone, are there like newbie friendly meetups around the area?
Alan Asriants
Looking to make connections with Estate Attorneys in the Area
16 July 2024 | 0 replies
Hey BP Community, as the title of the post says, I am looking to make connections with local Estate Attorneys in the area and help them offload their client's estate properties on the market.
Adam Bearup
Where to invest cap ex reserves?
15 July 2024 | 8 replies
Best regards,Adam Bearup Hi Adam,I am new to investing and am wondering this myself.
Shervin Golgiri
Real Estate is on the move! Sellers are no longer must pay buyer agent commission.
11 July 2024 | 7 replies
@Shervin Golgiri I am in a sellers market , little inventory , very popular area , A+ rated schools .
Damir Rakovic
Investing Los Angeles
15 July 2024 | 3 replies
I am Damir Rakovich, an investor from Slovenia, searching for partners with a shared vision.
Ian Dale Ibrado
Using Heloc to buy larger multifamily
16 July 2024 | 11 replies
@Max Emory I can pay it off within a year with just cashflow from all rentals combined but worst case, I am saving too..