As I look into STR I can see what the gross nightly rents are.. Then I see that VRBO charges like 8% to be on their platform and Air bnb is 15% so then when PM want 25% your taking 33 to 40% right off the top.. And a bunch of the listings I saw dont have cleaning fee's and I suspect the cleaning ...
I have several amazing multifamily purchase opportunities sitting on my desk. Most have passed initial underwriting, some are under review. I need to locate a JV partner and/or loan sponsor. I belong to a syndication mastermind group, but I want to explore funding opportunities outside of that gr...
I've spoken with several property owners who manage their own properties, and many of them face challenges dealing with tenants, contractors, maintenance, and other common property management issues. If you're a property owner managing one or more rental units yourself, what is the biggest challe...
When a property has a tight closing deadline, how do you evaluate whether bridge financing is worth considering? Beyond speed, I'd want to understand the financing costs, repayment timeline, and exit strategy before moving forward. What would make a bridge loan a practical option for your deal?
Disclosure up front: I run CR Equity AI, a lender (NMLS 2797309). Details are anonymized. This is for education, not a sales pitch. We recently worked on a DSCR portfolio loan for roughly 175 rental units spread across about 150 properties. Most are in one West Texas metro, with a handful in smal...
I've been working on a refinance for a BRRRR in Indiana with a broker for the past couple months. I had the ARV estimated at $130k, with a loan amount of $97.5k. I had my rate locked at 7.375%. I got a call from the broker today that we need to go with a different lender because he had apparently...
Hey BiggerPockets Community, I’m based in NYC and looking to build a long-term real estate portfolio. I have $50k–$200k cash ready to deploy, but investing locally in NYC for cash flow isn't feasible on this budget. If you were in my shoes today, what exact blueprint would you follow? Capital: $5...
The garden unit is the most underrated space in a Chicago two flat. For anyone outside Chicago, a two flat is what most of the country calls a duplex, and the garden unit is the lower level apartment that sits partly below grade. Here is what I keep running into. The lower unit gets treated two d...
scenario purchase price 950k 250k down 700k mortgage.. sell for 1.2 I 1031 into new building so I cover the 950k purchase what about the mortgage? Do I need to get a mortgage for 700k to match the original balance I will have paid this loan in full prior to this as my pre pay is up.. so there wil...
After spending 13 years in the property management industry, including over 10 years in upper management with leadership roles such as Financial Director, I finally decided to take a leap of faith and start my own company, Southern Magnolia Property Management, serving Augusta, GA, and the surrou...
What strategies are people using to make deals work in today’s market? I’m struggling to find deals that cash flow. Any tips anyone has that is working for them? I’m located in the west houston market (fort bend county).
Hey everyone, i have land and plans for a 12plex in South-West FL. Considering if I should proceed with construction at this market or should i just sale the land. On one hand, contruction costs are high, insrance&intretst&property taxes are high and increasing and vacanicies are relatively high....
Here's something I've been wondering about. A restaurant can serve excellent food, have loyal customers, employ twenty people, and make a healthy profit year after year. Yet getting a substantial business loan can be surprisingly difficult. Meanwhile, the building housing that restaurant might qu...
Message me for more info any time! https://www.zillow.com/homedetails/46-Northern-Ave-Farmingdale-ME-04344/91849766_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare Awesome opportunity to own a single family property OR convert this great property back to it's original ...
Hi all I am a relatively new investor and I just recently bought my 3rd rental property which is a triplex. I have 6 units now total (1 single family, 1 duplex and 1 triplex). overall everything is going okay, nothing catastrophic but I do have 1 tenant not paying rent so I will have to evict. Th...
Hi all, Rob here, a Louisville agent who works mostly with investors. $875 billion. That's how much commercial and multifamily mortgage debt comes due in 2026, according to the Mortgage Bankers Association. It's about 17 percent of all the commercial real estate debt in the country. Last year it ...
Hey Christian here I’m 28 & new to realtor investing. I can’t wait to start but scared at the same time because I only make 42k annually right now. So it feels impossible to start so I wondering if anyone had any ideas or suggestions on where I should possibly look for a multi family home around ...
I’m currently residing in the home that I inherited. The deed is officially in my name. I’m awaiting a decision on a HELOC loan so that I can begin the rehab to flip. This will be my first experience with real estate investing. If you have wisdom and like to answer semi-stupid questions from a to...
Curious how everyone here handles this as their portfolio grows. I think a lot of investors hear: “Close it in the LLC.” And assume that automatically means the loan has nothing to do with them personally. Not necessarily. A lot of business-purpose loans will still underwrite the individual guara...
Hello, so im 24 live in NJ with my parents and am debating using the next 2 years of living at home to just save or get started in real estate. Ive looked into all the different strategeys and for my area house hacking doesnt seem to be the best. I landed on out of state single family homes under...
Very small sample size, end of summer into shoulder season however notable as all but 1 guest have brought dogs and not one has checked the pet box which can be elusive as they have all mentioned dogs just didn't add the fee. Prior to this the pet fees collected were averaging 20% of bookings whi...
Conventional is hard to beat when the file fits. Good rate. Good terms. Usually no prepay. I’m not going Non-QM just for the sake of going Non-QM. But this is where I think investors need to stop looking at rate only. Take a 2-4 unit investment property. Conventional financing is generally going ...
Hi all, I just bought a multi use commercial building (2 residential and 1 commercial unit) that was up for auction and have talked to a couple of contractors and handymen but have been told either the address is outside of their scope of work or haven't gotten a response despite multiple texts a...
Just closed on a property through an LLC, funded the purchase with a retirement account loan, and now need roughly $20-30K for repairs (contractor walkthrough still pending for a firm number). No extra cash flow right now and I'd rather not tap retirement funds. LLC is about 5 months old, so it d...
Honest question for other agents, because I might be making my own life harder than it needs to be. I'm representing a buyer on a rural property and it hit me that everything I know about whether the place is compliant and legally used came from the seller's side. The seller disclosure says the s...