What are the payment methods your tenants are using and you recommend? My previous tenant used Zelle and it worked great. My understanding is not all banks allow similar limits per transaction or per month. I want to offer options to future tenants. Do you give your account number and routing num...
Hey everyone! I am new here and looking to buy out of state and wanted to see if anyone had any advice as to how to manage your property independently, even out of state. I know it’s typically unconventional but I am not looking to build a huge portfolio, but keep a low overhead on what I do end ...
I would like to get your inputs on whether I am on the right or wrong path. Our previous tenant installed smart lock to our rental because our current lock had issues. I did not have any concerns with it. They stayed for few years and recently moved out. Now my rental will be in market. I have fe...
Hey everyone, I'm lookimg to buy a small 12 unit property in Castro Valley but need an agent to help me with local market trends and expectations. If you know anyone please semd them my way.
How do you sanity-check your cost seg and depreciation? Once a portfolio gets past a few properties, and several 1031's with TIC's etc, the return gets complicated: cost seg studies, passive loss limits, a few entities, maybe an SDIRA. Beyond trusting your preparer, what do you actually do to mak...
Hi All, I’m new to the Bigger Pockets community and excited to invest in my 1st out of state investment property! I’m specifically looking at markets where I can generate a decent amount of cash flow (annual cash on cash return of 8-10%). Currently looking in the TX/DFW area in cities like Prince...
Hey everyone, I'm a local owner starting a property management company and I'd love some input. As an owner, my biggest frustration was surprise bills. My property managers would go with whatever vendor was easiest, not the most cost-effective, and I'd find out at the end of the month with a big ...
Our condo HOA has been about $300/month for the past few years, and they’re now proposing an increase to $750/month. We have very few amenities, so I suggested getting a professional reserve study to better understand what’s driving such a large increase. Has anyone dealt with something similar? ...
Hi folks, I'm newish to investing. I tried my hand at a BRRRR in Concord, CA but am getting raked over the coals on the property and am selling at a significant loss. I'm hoping to flip some properties either in CA or out of state to build back my lost capital. I tried looking at Cleveland, OH (e...
Hi everyone! My name is Brandon, I'm 19 and just recently started my wholesaling venture out here in the Bay Area, mostly tried working with houses in Pittsburg, Antioch, Oakley, and Brentwood. I jumped into wholesaling blind by actively prospecting, cold calling, sending emails, sending messages...
Non-REP Interests, dividends, capital gains, and rental income (W2 is TBD. "Semi-retired" and may or may not rejoin the workforce.) Just had a cost-segregation study completed. Because we are non-REP, we can't leverage the bonus deprecation against our active income streams. Correct me if I'm wro...
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Is there a simpler software solution to securely collect rent? Do not need too many features that I don't need and complicates stuff. I have access to Realtor forms, marketing, etc. So just need a software to send rent invoices, collect rent, and record them securely. Any suggestions would be app...
For the homeowner investors and self-managing landlords here — how are you preparing for the next phase of the rental market? Between changing tenant protections, operating costs, insurance, taxes, and the possibility of additional rental regulations down the road, it feels like owning and managi...
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Hey BP community, Selling a NorCal (failed) flip with Close of Escrow scheduled for, Sept 15. Hard money carrying costs are ~$162/day. The buyer signed Form CR (all contingencies removed) and signed final loan docs early, but the lender refuses to fund prior to Sept 15. The lender had initially v...
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Hello All, I've been thinking about investing in a short term rental. Some place that I can reasonably visit myself if need be on a weekend. I live in the Bay Area and have been focusing on regions outside Yosemite national park to do my research. Mariposa and Oakhurst areas specifically seem lik...
Hey everyone! I’m a Bay Area CA agent working closely with investors and I’ve been getting consistent exposure to off-market opportunities through direct-to-owner relationships. I’m looking to connect with active flippers and buy-and-hold investors to better understand your buy box and what you’r...
I recently purchased a house, and as a data enthusiast, I'm thrilled about the possibilities! I used to be frustrated by the hassle of juggling multiple platforms for crime stats, rent data, taxes, insurance, liquidity, and other key metrics. Now that I have more free time, I’m considering whethe...
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Hey BiggerPockets Community, I’m currently in the intake and plan check phase for an interior basement-to-ADU conversion (701 sq ft) on a primary residence in Alameda, CA. Project valuation is $60k. Just got the preliminary fee breakdown from the city portal totaling ~$11k, and two major line ite...
If I have 30k in cash reserves for one property, would it be smarter to use the cash flow to pay down the loan quicker, save for another property, or continue to build cash reserves for unexpected expenses?
Hi everyone, I've been out of the game for a while. I feel like I'm starting from scratch it's been so long since I've been to a meet up, etc. I'd like to find a duplex to invest in Oakland. It looks like there are some decent deals on Redfin. Then maybe rent it out to senior tenants from the Hou...