Kyle Mathis
Getting Started, am I ready?
Hey everyone,
I stumbled onto biggerpockets about a month ago and am hooked. This is my first post and I wanted to introduce myself and my intentions.
I am a full time admin/developer and a part time Author. I have ...
Nick Makowski
Purchasing an abandoned property from debt collector.
Recently found a home in a nice neighborhood that appears to be abandoned with nuisance notices on the door. After a lot of digging, found an ongoing case through casenet between the owner of the property and a debt c...
Cory H.
Mobile Home Park with Waste Water Treatment Plant
Hello!
I'm looking at a potential offer on a mobile home park that has its sewer serviced by a private (park owned) waste water treatment plant. Has anyone dealt with this before? I don't know what I don't know and...
Christina Larios
Vacation Rental LLC
Hello Everyone! thanks for taking time to read this.I would like to put my current home as a vacation rental property; we plan on renting it out as often as possible, while living here(cleanup before the renters come ...
James Syed
Buying a Fourplex
Hi everyone,
There so many formulas / equations when it comes to buy an income property, such as cash on cash return, cap rate, debt coverage ratio, break even ratio, gross rent multiplier, price per unit, p...
Peter Schuyler
Using Maintenance Reserves to Crowdfunding
Im curious if anyone else had tried this:
At the beginning of a lease, say I would reserve $250 a month into a checking account to build up for Capex and or small repairs. I actually use 10% of the gross rents whate...
Adrian Williams
Property Management Help!!!!
My broker just called me and said that she wants to start a property management company and wants me to manage the day to day operations of that part of the company, I have never managed a large amount of houses so I ...
Erica Moore
Multiple property discounts from property managers
Does anyone have any advice for getting discounts from a property manager for multiple properties? I currently have a PM for one property and am considering using them for a second. Things have gone well, but I've onl...
Ellie Perlman
The Misconception About Starting Small
Misconception No. 1: Smaller Properties Are Easier To Manage
“Smaller properties are easier to manage” is one misconception that I hear from investors all the time. Actually, the opposite is true. Having a profession...
Ben Bakhshi
Warm my cold feet?
I've been working on a deal to buy a 4-plex for the last 3 months. With numerous bank related issues pushing the calendar date farther and farther.
The deal starting at $182,500. Was negotiated down to $180,000 with ...