I've been thinking quite a bit about how AI might eventually change the day-to-day work of owning and operating rental properties, particularly for smaller landlords who still handle most things themselves. One thing I've noticed is that even a relatively small portfolio can demand a surprising a...
I screen 1–4 unit homes for sale against the bar most investors I talk to want: DSCR 1.25 with 20% down. This week, across eight metros, 518 of about 34,000 homes I could price clear it. A Memphis Realtor made a point on my Kansas City thread that a few hundred dollars of rent can move a house ac...
Poll: have you ever approved a repair you later suspected was unnecessary or overpriced? I own a single-family rental in Kansas City and live in St. Louis, so I rely completely on my property manager. Over the past few years I’ve had a few expensive surprises: A loose deck connection that I was t...
I've been thinking about the trade-off between managing rental properties yourself and hiring a professional property manager. On paper, self-management seems like the obvious choice. You avoid management fees, maintain direct control over your property, and potentially keep more of the rental in...
I am somewhat new to this investment game and am curious to see what platforms, banks, and apps you investors out there use that you like and work well for you to keep track of financials as you scale to more properties? I just read the article about Baselane and that seems like it may work. I'm ...
Excited to finally be on here guys! I've heard so much about BiggerPockets over the years and used to watch the podcast religiously. Long story short, I just wanted to get some seasoned eyes on a deal I feel pretty good about. Any feedback would be appreciated and if anyone is interested as well ...
When analyzing short term rental performance, most investors focus strictly on optimizing average daily rates and calendar occupancy. Yet capturing ancillary guest spending remains one of the cleanest ways to expand cash flow, provided it does not increase operational overhead or accelerate prope...
Hey everyone — I'm Christopher, I host my own 2BR in South Philly, Superhost / Guest Favorite, 86 reviews. I'm starting to co-host for a couple local owners and I'm trying to figure out what hosts actually want from a co-host. What would make you hand your inbox and pricing to someone else — and ...
Hello, I currently live in California and have decided to invest out-of-state since California seems way too unaffordable. I am inclined to buy multi-family properties, but I'm also open to single-family properties, and I am primarily looking for cash flow. I have been looking at Cleveland, Ohio—...
You budgeted for the purchase and rehab—but what if the finished property sits longer than expected? Loan payments, utilities, insurance, and taxes keep coming even after the contractors leave. Before taking on a deal, ask yourself: • How much would three extra months cost? • Would that leave eno...
Anyone else find that the busier things get (more deals, more projects, more profit centers), the less anyone actually knows the real numbers until tax time sorts it out? Happy to share what's worked for other active real estate businesses in that $300K+/year or $25K+/month range if it's useful, ...
Your self-managed portfolio is worth less than you think it is, because a buyer doesn’t get your labor with the keys. Say your portfolio grosses $1.2M in rents and nets $600k after operating expenses. If you collect the rents, screen the tenants, run the turns and take the 2 a.m. calls yourself, ...
Hello, I am new to investing with 3 SFHs in Cleveland. They are all conventional loans. I am considering consolidating them into a DSCR portfolio loan with my LLC, so I have just one loan. Any recommendations on a potential lender that is versatile in this product or something similar
I came across a situation this year that every STR investor should sit with for a minute. Picture an investor who buys a three bedroom cabin in a small resort town, and the deal only pencils because of nightly bookings. 18 months later the city council votes to ban stays under 30 nights for non o...
I get a lot of wholesaler deals sent to me, and most of them I can say yes or no to in about 10 minutes. I run this same check on every deal at 236 doors. Here it is, in order. 1. ZIP code. If it is not in 38109, 38111, 38112, 38114, 38116, 38117, 38118, 38122, or 38128, I pass. I know those stre...
Every cost seg starts by carving land out of the purchase price, since land can't be depreciated. What I've seen in practice is three ways firms do the split: the tax assessor's land/building ratio, an appraisal, or an engineering estimate built into the study itself. The split matters because ev...
I'm working with an investor who has a 681 credit score but he has an EIDL Covid loan that has been charged off. Can he get a DSCR loan?
Hi everyone! My name's Jazmin, I'm new to wholesaling and getting started in California. Before I really look at any deals, I'm building a buyer list and trying to learn what active buyers here actually want. If you buy in California at all, would you be open to sharing your buy box? Anything you...
Had a client score a deal 30K under asking. It was listed for 1 week. I sent it to my client and told him let's lowball. We offered under. Some agents despise throwing out lowball offers, I've found it's always worth the try. A few reasons why I think it's worth doing and what we thought of going...
Rates finally slipped under 7% this morning, about 6.86% on the 30-year. First time in roughly seven weeks. That means the question I get on almost every offer right now is going to get even louder: should I ask the seller to cut the price, or ask them to pay to buy my rate down? Let's run it fro...
I am a brand new buyer seeking my first home. I am seeing a lot of cheap options in Keansburg, which I assume is because of the flood zone… is it worth it to buy a home that has such a high flood risk, or should I keep waiting/hoping to find someplace in Red Brick or more inland? Just curious for...
Hello All, Had a quick thought about down payment funding I want to ask. If i were looking to add another investment property after my first, and I wanted to use the equity in the first home to finance the second, but was not able to get a HELOC or home equity loan because i did not yet have 15-2...
With voucher inspections moving to the NSPIRE standard, habits built on HQS don't all carry over — the checklist, the scoring, and the correction clocks are different. For those of you prepping program units now: what's the biggest adjustment your teams have had to make? Gelu Mergl · NSPIRE Photo...
More new construction is being sold with a tenant already in place before closing. It removes the biggest unknown for an out-of-state buyer, but only if you check the right things: 1) Who placed the tenant, and how they were screened. Ask for the criteria: income multiple, rental history, credit....
October payrolls came in at 165,000. The consensus was around 55,000, unemployment dropped to 4.1%, and August and September got revised up by a combined 84,000. On a normal day that sends mortgage rates up. They didn't move. Mortgage News Daily's 30-year index ended Friday at 7.17%, the same as ...