6 December 2021 | 2 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
4 December 2021 | 4 replies
I suggest comparing markets and see which market supports your goals better and investing there.
2 December 2021 | 1 reply
FHA raised their loan limits today, however it’s still low compared to the Miami market. 3 family house I’m looking at appraised for 787k.
23 December 2021 | 7 replies
In the last year we've had Tesla's next factory, Tesla HQ, Oracle HQ and Samsung's next factory ($17B facility compared to $1.1B for Tesla) all move to Austin.
3 December 2021 | 2 replies
Unfortunately, the majority of investors that experience terrible service from turnkey companies, figure out that it's not worth spending tens of thousands of dollars suing their turnkey provider and just move on - which allows the turnkey provider to not change their ways and stay in business:(You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...
4 February 2022 | 19 replies
So should the rent be higher than comparable but older homes?
22 December 2021 | 19 replies
Whatever you want to do post your number, first, lets have a look and don't forget that a huge chunk of your mortgage payment is applied to the principal and this makes a huge difference when crunching your numbers.But...I still try to stay away from single-family homes when the home will not appreciate in value, substantially, but as a previous BP member posted, you still may be better off buying than renting if that is your only choice and cannot buy an investment property that generates a profit almost exponentially compared to a single family home for your personal residence.
8 February 2022 | 8 replies
At this stage of the market I'm putting a lot more emphasis on debt service coverage ratio (a measure of risk) than cap rate or cash on cash return, at least in my own analyses.Also, since this question frequently comes up with owner-occupied properties, even though you're going to live there I'd analyze all the units as if you're not going to live there so that you can look at it on an investment basis compared to other properties, rather than mixing in your own personal tax/financial situation into the property analysis.
8 December 2021 | 2 replies
Look at current market rents per ft compared to those tenants individual box unit space size.
4 December 2021 | 4 replies
Compare that to no capital gain taxes.2.