Ok, this is my first forum post (on any platform) so hopefully this comes out clear.I just advertised my first rental and we have been getting calls and I have come across 2 things I was not prepared for.1. We have a ...
So I've been doing tons of reading on this forum, listening to podcasts, reading articles, and running sample numbers on random homes for practice to get ready for my first STR.But the more I read into it, the more ol...
Never encountered anything like this before so this should be a good learning experience. Guest reached out to me to let me know there isn’t any power in the house. I’m sure due to the Tropical storm we are experienci...
What role does CAP Rates play in Multifamily investing when it pertains to evaluating properties?I heard from other investors that CAP rates are used for market sentiment and that Cash on Cash, Equity Multiple and IRR...
I am under contract to buy a C-class 12-plex in Tucson, Arizona for 680k (roughly 57k a piece all 2 bed/1 bath). Rents are currently $500 at the moment but market rent is about $725. I pay water and garbage. Here is t...
I am curious to know how your underwriting has been since the pandemic hit this year? With lenders requiring an additional 6-12 months of P&I reserves, rent growth is a big question mark and understanding your ten...
In reading @Manuel Acunas blog post about the tight market where he lives, and inability to get offers accepted at the price point he needs them to be, I got to thinking. Many investors are 'wholesalers' buying houses...
I've been getting a very slow trickle of responses to my ads (perhaps due to the time of year, I'm not sure). There is nothing wrong with the property that would make it hard to rent. The people who've been respond...
Hello BP! I've been reading articles here for a few months now (which have been an immense help), and I've decided to finally put my hat in the ring!
My wife and I live in an up-and-coming neighborhood in NE...
I'm just getting started in investing. I have a rental already, but I'm shopping for my first property that I'm buying expressly as an investment. My current rental is my last residence.
My realtor showed me ...