Hello all Wanted to seek, what’s the best steps on having good tenant, and having a system/documentation in a contract between the property etc. Full rookie here. Thank You
Just wanted to share a little progress and get some insight from those with more experience. I've been learning about wholesaling and creative finance through the SubTo community and recently started putting more of what I've learned into action. I've been researching properties around Huntsville...
Hi all, I'm interested into speaking with property managers in the Worcester, MA metro area. This would be for management of small multi-families of 3-4 units and 5-10 units. I'm also interested in real estate agents who represent buyers in this area and for these size apartments. Anyone have any...
Something I've been thinking about while connecting with investors, operators and private lending partners is how often we get caught looking at an opportunity through a sniper scope when sometimes we ought to be using our iron sights. Hear me out. We've got investors comparing points, interest r...
We confirmed 120 mobile home parks across the Milwaukee area. 11 individual priority parks with 960 lots between them 8 of those 11 had no website we could find 8 of those 11 had recorded sale dates from 2007 or earlier 3 more parks with 286 lots under one owner Back when I was calling off random...
Most repairs aren't hard. A leaking sink is a plumber, a part and an hour. What wears landlords down is everything around the repair: the back and forth with the tenant, the plumber who doesn't confirm, the invoice that arrives with no photos, and the question nobody asks a week later: is it stil...
Do you believe in first securing a contract or making a list of buyers. I feel like this can either make or break you when wholesaleing as a beginner.
i am a flipper based in MA , i live in Boston but buy houses and flip them right outside of Boston , mainly Northshore but i am open to anything within 1hour drive to Boston . I been going over my last few deals and my main issue i need to work on is finding the right deals FASTER. I know plenty ...
Before committing to a financing offer, three checks are worth doing: 1. Check the company's reputation - reviews, online presence, and how they've handled problems. 2. Ask for an itemized breakdown in writing, not just a rate and a monthly payment. 3. Ask what licensing requirements apply to you...
Just this afternoon, I was having a discussion with a colleague about how investors decide when a property is no longer worth pursuing. Sometimes the purchase price looks attractive, the location seems promising, and the numbers work on paper. But once you factor in repairs, financing, insurance,...
Hey folks, this is something I often wonder about my rental properties, and there's probably a different answer for each one. And to make it more complicated, the answer for one might affect the others when looking at the whole portfolio. Let's say I have a SFR rental with $150K equity, $200k 30y...
Hi BP Community! I work with a lot of residential care founders, and one of the biggest questions that comes up early on is choosing between starting with an unlicensed/independent living model vs. jumping straight into fully licensed residential assisted living (RAL). A few key differences new i...
November question for the buy and hold guys — I’m in Delray Beach, 33446 - Monarch Lakes townhouses mainly. I have one that can close mid-Nov - $242k + about $60k rehab, ARV around $420k, rent $2100 low end comps. Rehab done in Jan. My CPA says if I close in Nov and place in service before Dec 31...
Two part question. I'm looking for a good way to quickly calculate principal paydown of a mortgage and the tax benefits of my investment properties. I currently do the paydown manually (takes too long), and I don't factor in any tax advantage. I project appreciation but I don't factor that in wha...
A property can look attractive on paper, but what happens when property taxes increase, insurance premiums jump, or an unexpected repair wipes out several months of cash flow? Im curious how investors account for those realities before buying. Do you prioritize: * Strong cash flow from day one? *...
Hi, How frequently you do caulking using silicon etc in bathrooms to avoid mold. As caulking gets damaged time to time. I am not sure my property manager will do this by himself unless I remind him time to time. Especially upstairs bathroom if I do not do silicon type of caulking water may leak a...
Three bids at wildly different prices usually aren't three opinions on the same job. They're three different jobs. Most of the time the gap traces back to a vague scope, not a dishonest contractor. Before anyone walks a rental with me, I write a room-by-room scope with line items: Quantities, not...
Quick one for anyone looking at condos or townhomes as rentals. A lot of HOAs limit renting, and you usually won't see it in the listing. Some cap how many units in the building can be rented at once, and new owners go on a waitlist. Some ban leases under 6 or 12 months. Some make you wait a year...
Hi All, I have a rental property that I've owned for ~5 years. I've been waiting to deed the property to my llc until I refinanced to avoid trying to get a loan in an llc. Rates etc. Just refinanced and cashed out and spoke to an attorney about doing the deed transfer. He informed me of the NJ tr...
Before hiring a contractor for a rental repair, here is the short checklist I run every time: Look up the license. Check it on the CSLB (Contractors State License Board) website before you hire, not after. Get insurance on file. Ask for a certificate of insurance before work starts, so you are no...
Here’s a question I think investors should ask themselves more often: If you knew everything you know now, would you still buy the property? Not because the project went perfectly. Not because it made money. But because the original assumptions, risks, and strategy still made sense with what you ...
Hello everyone, my name is Carl and I'm currently new to Bigger Pockets and I'm excited to begin the first step in achieving my goals for myself and my family here in Georgia. I wish to one day begin owning rental properties, but for now, I want to learn and master Wholesaling. l've been a wholes...
At the lender's floor, the Springfield metro looks easy: 367 of the 1,411 homes for sale I could price cover the full payment at 20% down, about 1 in 4. Raise the bar to DSCR 1.25, which is what most investors I talk to want, and it drops to 39, about 1 in 36. Today's numbers (Nov 5), 1,978 liste...
Hi! I’m working with a client who is currently applying for an E-2 visa. We’re negotiating with a landlord who has requested financial documents showing that my client can financially support the new business. Since his LLC is newly established, he doesn’t have any business financial records yet....
Looking for feedback from experienced multifamily/duplex investors. I'm under contract on 9 duplexes / 18 units spread across three smaller towns close to metro markets. Year Built 1993 Purchase price: $1,880,000 Price per unit: $104,444 Current gross rent: ~$249,840/year Current operating expens...