Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Shwetha Pindikuri Getting a second mortgage on an assumable loan to cover the equity portion
13 December 2024 | 3 replies
Another option is to explore private lenders or HELOCs to cover the equity.
Deborah Wodell How Are You Covering Down Payments & Closing Costs for Your Fix & Flip Deals?
10 December 2024 | 8 replies
I would agree with Chris, I would not use debt to cover all costs and then hope to get a good pop on the sale to cover all the debt, payments and still have some in the end to make a profit to do it again.
Tim Thompson Destroyed Property during Domestic Disturbance
10 December 2024 | 6 replies
Does renters insurance cover something like this?  
Jinglei Shen Insurance covers cash value on properties built prior to 1940
4 December 2024 | 2 replies
All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.
Mattin Hosh Assist in Turnkey
20 December 2024 | 4 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Satyajeet Dodia Is my Entity Structure overkill ?
20 December 2024 | 28 replies
The reality is that insurance will cover your 16-year-old's accident.
Justen M Healy Typical Finder Fees for deals
6 December 2024 | 4 replies

I am expanded my door knocking operation to include other people within my company. They are paid hourly and will soon begin going door to door to offer creative financing deals to home owners. I am curious what is a ...

Michael Moya Advice Needed: Loan Options for SFH under $120K
19 December 2024 | 4 replies
I only have enough funds for a 20-25% downpayment and was looking to do a DSCR loan to cover the rest.
Kris Lou Canadian Investing in Indianapolis
23 December 2024 | 5 replies
@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Torrean Edwards TR, I am an investor from Milwaukee.
19 December 2024 | 26 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.