Hello all! I am practicing analyzing properties and I was wondering how y'all estimate rent? I know BiggerPockets has their own rent estimator, but what are your backups for low confidence areas, or properties that ar...
Hi everyone, I just learned about a property that will be going up on the market soon. The seller is looking to get somewhere in the high $300k for it with comps for the area in the high $400k. The property need qui...
Good evening everyone,I'm about to take the state licensing exam and starting to look at my first real estate purchase. The problem is, none of the estimating tools used on this site are making me feel comfortable ab...
I'm considering a strategy that would utilize a line of credit (say $75k) to purchase properties in the $30k-$75k range. Once purchased, I would utilize the LOC to update the property and then advertise for rental. ...
We're looking at a property and our loan broker has suggested DSCR. My understanding is that we'd pay $1,000 for a rent appraisal which would have to come in with a ratio of at least 1.0 (i.e. at least as much rent as...
Update: I earlier posted about being a newbie and the opportunity to shadow a property manager of a medium size apartment complex...Just recently I was allowed to study the 13 month trend report and other financials. ...
Hello All, We recently moved from Boston (MA) to New Jersey. We always have MA in our mind for rental properties because we know its a student/tenant friendly state. We recently saw a new construction coming up near t...
What criteria do you use to determine if a property is a good candidate for short sale? I have picked up from BP that this is used for properties that have a larger loan balance than FMV but are there other criteria?
I have found someone interested in selling their house using wholesaling but they have already started talking to a realtor. I would like to work with the realtor to get the job done but previously realtors have ask ...
I pulled money out of the stock market and plan to buy a number of properties to produce the income stream we need to live our lives. I will pay cash and plan to buy in my own local area. If I manage them myself (pr...