After successfully deterring/denying dogs in our rental properties (we allow cats) one of our tenants brought a dog into our property. They were honest about it, called to discuss, and wanted my opinion of the situation. For context they have only lived in our rental for about 6 months. My first ...
I'm pretty green in the Real estate world and I've been approached from a few acquisition company's and i would love to know the best ones as i build my Buyer list. any help would be appreciated.
Anyone out there ever done a seller carry deal with no down payment and no interest? I was approached by my neighbor about an off market deal. She owns a rental property and we share a lot line. Her husband passed away unfortunately so she’s trying to offload the rental while she can still file j...
Had an investor call me over the weekend, looking for a lender in St. Louis on a property worth about $69k. He is an out of state investor. Does anyone know somebody that could help?
Been looking for turn key buy and hold properties, having a difficult time finding ones that cash flow with 20% down using 6.5% -7.5% rates. Is anyone still buying/investing and putting 40-45% down to make sure the properties cash flow in the DFW area?
Many investors spend years focusing on cash flow, appreciation, and debt paydown. Then they sell and discover depreciation recapture and capital gains taxes can take a significant bite out of their profits. For those with larger portfolios: What's your exit strategy? 1031 forever? Sell selectivel...
I’m in Wyoming, Michigan and I’m trying to make sure I’m handling my house hack correctly. I own a single-family home and currently live in the basement while renting the upstairs to a tenant. The house is not set up as a duplex, and there is an interior door separating the basement from the upst...
A property manager can send you a clean monthly statement and still leave important things buried inside it. Take something simple: January: HVAC repair = $480 March: HVAC repair = $350 June: HVAC repair = $620 Individually, none of those charges look crazy. But together? That’s $1,450 spent on H...
I’m heading down to Austin next month and plan on checking out some properties while I’m there. Obviously, the Austin housing market has taken a pretty significant beating from its peak. That’s actually part of what has me interested in taking a closer look at it now. For those who live or invest...
Does anyone have experience with buying properties at auction in Hillsborough County? I ahve done this before in Ohio, where all the liens were wiped at bidding, meaning once you got the deed, you didn't have to worry about any outstanding liens. Does anyone know exactly how it works in Hillsboro...
A lot of deals look acceptable until one ordinary expense assumption changes. For example, a property may appear to cash flow using the seller's current tax bill, last year's insurance premium, and a light maintenance estimate. Then the reassessment arrives, the insurance quote comes in higher, o...
Hello everyone, My name is Jerid, and I’m just getting started on my journey into land flipping. I’m currently focusing my research on rural and vacant parcels across California, Arizona, Texas, and Oregon. To be completely honest, my biggest frustration right now is the barrier to entry for prac...
Hi, I'm new here, from San Diego. New to BRRRR, but not to buy-and-hold investing. I'm planning to put up to $500k into my first deal, or maybe split it into two sequential deals to reduce risk. But I'm not seeing much I can get for ~$250k around San Diego (open to all of SoCal though). Bigger qu...
I'm going to do my first rehab this year and I plan on financing with a HELOC, but the property I'm using is almost paid off with a great interest rate. Should I pay it off first?
I know this is a loaded question and responses will be all over the place but looking for any and all recommendations. We currently have an STR property at a lake that we are under contract to sell and will be doing a 1031 exchange. Will have about $600K in cash and $1m in sale value. The primary...
Hey!! I'm a new investor wanting to learn how to underwrite deals to the point I can do it with my eyes closed!! If you have any tips on ways for me to underwrite or how you practiced underwriting it would be very much appreciated!! I'm struggling with finding the typical appreciation of my marke...
Hi everyone, I’m new in bigger packets And I’m looking for advice . I went to a very difficult personal and financial times. I own house in OC county. With an about $350 K in equity. My credit get very damage in last 4 months because of my personal circumstances. Currently my credit about 610-620...
Hi everyone! I’m new to real estate investing and looking to learn as much as I can before putting my capital to work. I currently live in California and am interested in becoming an out-of-state investor. I have approximately $150K in capital available to invest, but I want to take the time to e...
A common underwriting trap is treating a future refinance as though it has already happened. Consider a hypothetical rental that requires $120,000 of total cash for the purchase, renovation, carrying costs, and reserves. The plan assumes the property will be refinanced after stabilization, return...
That’s one reason I started thinking about Tax Ease. Not another list of deductions. Not another “secret tax loophole.” Just a better way to understand what’s happening with your numbers before tax season shows up. You bought property. You sold property. Your income changed. Your portfolio grew. ...
I self-manage almost everything I own, with a small team reporting to me, including an RV park here in Houston and short-term rentals about three hours east. Every time I price out handing it off, the 8-20% management fee (depending on whether it's long- or short- term) is the easy number to see....
(Posting this for the BiggerPockets Investor Brief. Your reply might run in Thursday's edition.) On this week's BiggerPockets Podcast, Philip Henry said he proposes seller financing on every deal he goes after, and it works about 90% of the time. That's how he picked up a $1.2 million, 31-unit bu...
Hello everyone, I’m 23 and recently moved back to the Falls Church area after living in Dallas for just under a year. I’m looking to get more involved in the local real estate community and meet other people who are actively investing. I’m interested in finding real estate investment clubs, meetu...
Passive Investment, Active Investment, Businesses Passive Investment 1. REITs 2. Performing mortgage notes 3. 3 N properties with quality tenants 4. Limited Partnerships Interests Active Investment 1. Rental real estate with property management company 2. Non performing mortgage notes 3. Tax Lien...
A lot of investors looking at Metro Detroit—especially those coming from outside Michigan—start with price. Price matters, but it’s only one piece of the deal. Here are five things I recommend looking at before making an offer: 1. The block, not just the ZIP code. In Detroit and some surrounding ...