Anne Chiramberro
Investing at a distance... When to find a property manager?
Hello, wise people of Bigger Pockets!I'm looking to buy a small multi-family in Chico, CA, which is a three hour drive from my place. I plan on getting a property manager for my future investment, so I'm wondering whe...
Jesse Santos
Prospect tenant wants to negotiate security deposit of 1.5
Hello all!I'm asking for 1.5 month's rent for security, which totals to $5,700. Prospect tenant says he counters with $4,000. He's signing a 2-year lease agreement and we already came down on the rent by $100 after ne...
Kristi Harmon
Do i need an agent or lawyer to draft an offer letter?
I'm working with a seller that doesn't want to involve an agent, if I do then they will increase the house price by ~$8000 (which would be 3% agent fee). Owner uses https://www.homie.com/ to schedule tours and take of...
Jacob Ashley
Properties with min: 12% cash-on-cash return (at 80/20 leverage)
Searching for markets with properties that meet or exceed the following criteria:- cash-on-cash return of at least 12%- annual appreciation of at least inflation plus 2%-3%- low crime area- strong school system areaAb...
Tony Salemi
Is anybody finding 20% down financing any more?
Please note I am not asking to name names...just recent experience.It used to be 20% down was common for investment property. Is anyone finding 80% purchases these days? Normal conventional. Not at 12%.... Just wo...
Leland S.
How much to put into rehab?
Hi, I'm on my first flip and have all these great and expensive ideas. I'm not sure which ideas are worth the money though. For example, I could just refresh the kitchen with all new hardware or I can open up a wall t...
Chris Marston
Do I Understand BRRRR?
Hi all! I'm new to REI and am trying to understand the BRRRR strategy. Can ya'll tell me if the hypothetical BRRRR deal makes sense. Thanks!Let's say I buy and rehab a property for $50,000 (all expenses included here,...