All Forum Posts by: Jacob Sloop
Jacob Sloop has started 12 posts and replied 252 times.
Post: How are everyone's STRs doing right now?
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
Sorry to hear that Bob! I think perhaps we have hit the over saturation point, and too much inflation, people are tightening the belt
Post: Greetings, this is Tim Roesch from Charlottesville, VA; brand new to BP!
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
Welcome to BP
Bigger Pockets is a wealth of info and I sent you a message if you need any help!
Post: How to Mitigate Risk and Make Money in Times of Economic Uncertainty
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
Thanks for posting buddy! Sounds like a good one
Post: When They Ask: Is It Going to Be A Rental?
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
@Carl W.
The truth, always
It sure why the workers are asking, maybe they need a place to rent? Or in some instances they treat the rehab “less” for a rental property it seems
Post: First BRRR and Short Term Rental rolled in one
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
@Rhonda McDaniel
Good job!
Not bad ROI with only 6200 in the deal
Hope it continues to do well as a STR for you
Post: 1.25 piece of land
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
@George Muno
Hope it works out!
Sometimes the unknowns get you the best returns
Post: 4-Plex- High price but significant value adds
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
@Spencer Fry
Have you submitted an offer in writing? That can change opinions a lot quicker than a verbal offer actually having something in hand… especially when
It’s been on market for so long
Explain to them why your offer is what it is based on the financials and see what happens !
Post: Reserves during a recesssion
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
Depends on how conservative you are, the property requirements, type of property i.e lots of potential cap ex..
What strategy and property type were you looking at?
If I had to just put a number on it though , 3 months minimum
Post: Numbers seem to show neg cash flow, where to invest 100k? looking to finally buy
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
House hack is always a great option ! Great way to leverage starting out
Post: Selling house with ungrounded 3 prongs.
- Rental Property Investor
- Virginia Beach, VA
- Posts 267
- Votes 111
Bill nailed it. Does not require a whole house re-wire