Investors, have any of you successfully purchased a property through a short sale or REO? If so, would you consider it a good deal, and did it ultimately work better as a buy-and-hold or a flip?
Is It Time to Trade Your Older Multifamily Property? Owning a multifamily property for years can be rewarding, but what happens when major repairs start eating into your returns? Between roof replacements, HVAC systems, plumbing issues, and unit renovations, an older property can quickly become m...
Hello all - for those of you self managing or property managing short-term rentals/Airbnb related platforms. What are you using to manage everything? Pricing , guest comm, cleaning ,etc. what are your preferred software solutions of choice ? Pricelabs , Hospitable? Looking for your recommendation...
Hello, My name is Evan Bloom. I have run a small property management company in Kansas City for two years. I currently manage six single family residential properties in the Brookside/Waldo area for local investors. I want to grow our current operation and was curious about the best practices on ...
One of the easiest mistakes in rental analysis is stopping at "monthly rent" instead of following the numbers through operating performance, financing, and investor return. A basic framework I like is: gross rent -> operating expenses -> NOI -> cap rate -> debt service -> cash flow -> cash-on-cas...
Curious how people here actually handle this - spreadsheet, QuickBooks, something else? Seen a few older threads asking for recommendations, wondering what people landed on and what’s still annoying about it (manual entry, syncing with contractors, categorizing expenses, whatever). Just trying to...
Hey guys, I’ve been using Allstate for my rental property insurance, but they have a limit of five rental properties. I’m adding two more properties to my portfolio, and I’m also not particularly happy with their pricing. For those of you who own multiple rental properties, what insurance compani...
At 236 doors in Memphis, maintenance cannot run on whoever calls loudest. We run mostly single-family, heavy Section 8, so the volume is steady. The system is simple, and it is the same every time. First, same intake every time. Every request comes in the same way and gets sorted before anyone is...
What would you suggest for a tenant screener for first time renters .
Hey guys! I’m a 28-year-old guy working as a travel nurse in my hometown of Philadelphia, PA. About two months ago, I stumbled down the BiggerPockets rabbit hole, and now I’m completely hooked. I have a lease on a townhome in the surrounding suburbs where my wife and I will be living for the next...
I saw a post on another social media site while watching the world series the other night and it was regarding someone noting "I watched a video and this guy is 100% legit" and almost fell off my chair. Then it had me comparing athletes to investors and how easy it is to fake it in real estate. I...
Hi everyone! I've noticed a common challenge in discussions about house hacking: finding a duplex is one thing, but knowing whether the numbers actually make sense is another. For anyone planning to live in one unit and rent out the other, I think having a simple system for comparing properties c...
I do not make an offer off photos. Before I offer on a single-family house in Memphis, I walk it with one question in mind: can this house get rent-ready and still hit my numbers? First, the big systems. Roof, HVAC, plumbing, electrical, foundation, and any sign of water getting in. If two or mor...
After 17 years of buying value-add rentals, here's the filter I run before I'll offer on a 1-4 unit: 1. Rents: I check comps for the exact unit type on that street, and I confirm them with a property manager. Zip code averages lie. 2. Expenses at real numbers: taxes from the county auditor, a rea...
My husband and I purchased our first duplex in Columbus, OH, in early August for $430K. We live in Massachusetts, and this is our first multifamily and first out-of-state investment. We budgeted around $40K for repairs and renovations and interviewed four general contractors at the property befor...
A quick update for those who may run into this as a problem, because I deal with this a lot in my area. Just to be clear I'm setting the definition right up front: self-sufficiency measures the appraised rents not the current market rents. In certain regions this is a problem because your apprais...
I'm looking to build a 200k guesthouse in my backyard that will have good cashflow. My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse. Long story short, I have no primary home and...
We have the opportunity to purchase a beautiful, well established STR in an up and coming market. Unfortunately, the home is manufactured. The lenders we have spoken to will only finance as a personal residence. Are there any options for lending I'm not aware of? The seller is not open to seller ...
Ants and roaches in a rental often point to two things: water and an easy way in. A few habits that help keep a rental pest-free: 1. Fix the drips first. Leaky faucets, slow drains and damp under-sink cabinets draw pests. Fix them as soon as a tenant reports them, not at the next turnover. 2. Sea...
Hello all my name is Ashia. I am a new real estate investor in the ulster county, NY area. I'm in the middle of trying to work a deal on a 3bd/1 ba single family property in my area. This would be my first deal and I'm looking to do the BRRRR method. It's a very profitable deal that could net me ...
I've been reading a few recent market reports and I've noticed one thing that keeps coming up, which is that office is starting to recover, but not everywhere. Newer buildings in good markets are doing well but older buildings in oversupplied markets are still having a tough time. Lenders are als...
If financing got easier tomorrow, would the multifamily deal you’re evaluating actually work? A better interest rate can improve cash flow. But the property still needs to support realistic insurance costs, maintenance, turnover, management, and reserves. And projected rent increases only help if...
Airbnb’s New Rules Are Changing How Hosts Operate. Here’s What STR Investors Need to Know. If you operate a short-term rental, you’ve probably noticed that hosting looks different today than it did a few years ago. Guest expectations have evolved, operating expenses continue to rise, and booking ...
When bringing private capital into a deal, operators seem split right down the middle. Some strictly borrow on a promissory note at a flat interest rate (say 10% to 12% annualized). If the project sits on the market an extra two months or has minor hiccups, the interest meter keeps running, but i...
A rental, a ground-up construction project, and a fix-and-flip can have completely different financing needs. That’s why I think the better question isn’t: “What’s the best loan?” It’s: “What financing structure makes sense for this specific project?” The property, timeline, exit strategy, and in...