Account Closed
Responding to Lazy Applicants
I was just curious about how other people handle the lazy prospective tenant. For instance, an email through craigslist simply stating "I am interested in this home". No questions or anything - just a simple stateme...
Dean I.
Made 22k on my first flip without any of my own money
Numbers (rounded to nearest $100)1350 sf3 bed, 2 bath1 StoryNo GarageListed Price $45,000Offer/Purchase Price $50500Original Estimated Renovation Cost $17000Renovations $20,000ARV $106,000Sold $109,500Closing Costs at...
Account Closed
Labeling yourself as "PM" instead of "LandLord/Owner" to tenants
I'm gong to be renting out my very first unit soon (house hacking a duplex) and I am already thinking about how I will manage the tenant. I have heard from experienced landlords that it is often better to NOT let the ...
Brian Hood
The "Infinite Return" BRRRR is BS
I love the BRRRR approach, but why isn't anyone factoring in their time into their ROI? Even if you have $0 in the deal, you may still have dozens of hours (or more) invested into finding the deal, buying the property...
Rich Hupper
Doubting Buying Anything Right Now?
Hi BiggerpocketsI have been running multifamily sale price reports for cities North of Boston for the years between 2004 and 2015.I almost every city I look at, the 2015 median sale price is back to the median sale pr...
Christopher Munn
Is This The New Normal?
I recently found a deal in the midwest (area where C class apartments trade between 7.5% and 11% cap rate).16 units doing about 28k in NOI. (Not very good)I own a 8 unit in the area that does about 30k NOI so this pla...
Mackal Smith
Here's one I bet you don't hear all the time
I don't know if I'm asking for advice or just seeing if anyone is in a similar situation. The good news is this is a first world problem. The bad news is I live this first world life so even though it's not like I'm g...
Patience Echem
Needing input on how best to use my cash
I posted this in starting out but got no response. I hope this is the right forum. Still feeling my way around here. Before I sign on the dotted line, I would like to get ideas on the best use of the available seed m...
Kay March
If appraisals are based on comps, how do prices rise over time?
This is a technical question that arises from the painful experience of having an appraisal come in low. It happened two years ago when a VA appraiser, citing comps, said that the price my buyer had agreed to pay for ...
Steve Rozenberg
Is Allowing Your Residents to Deposit Money Directly into Your Account a Good Idea?
Why You Should Not Allow Residents to Deposit Money Directly Into Your Bank Account.