Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Max Versteppen

Max Versteppen has started 0 posts and replied 109 times.

Post: General real estate investing

Max VersteppenPosted
  • Posts 113
  • Votes 33

Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike.

Step Plan to Get Started (or Restarted) With Real Estate Investing
Identify Your Financial Stage.
Choose a Specific Real Estate Investing Strategy.
Pick a Target Market.
Decide Your Investment Property Criteria.
Build Your Team.
Line Up Financing.
Raise Cash For Down Payments & Reserves.
Create a Plan to Find Deals.

Contact the Property Tax Assessor

Check the municipality's website first, as some have assessment information online; search by property address to get the owner's name. Alternatively, contact the assessor's office by phone and provide the property address to the clerk, who can then find ownership information.

Here's a look at the top ten places to buy a home in Massachusetts for 2020:

Palmer Town 

North Adams 

Easthampton Town 

Southbridge Town 

Amesbury Town 

Greenfield Town 

Rent estimates at the 50th percentile (or median) are calculated for all Fair Market Rent areas. THESE ARE NOT FAIR MARKET RENTS. Under certain conditions, as set forth in the Interim Rule (Federal Register Vol. 65, No. 191, Monday October 2, 2000, pages 58870-58875), these 50th percentile rents can be used to set success rate payment standards.

The OND program makes home ownership more affordable for police officers or others serving in law enforcement. The Department of Housing and Urban Development (HUD) subsidizes the home ownership for law enforcement officers by offering them homes at a 50 percent discount off appraised value.

Here is our recommended checklist for tenant criteria:

Makes enough income to afford your rent.

Stable employment or a co-signor with sufficient income.

History of paying rent on time.

Friendly and easy to work with.

Clean criminal record.

Fits your lifestyle requirements.

Smoking.

Pets.

The Best Banks for Small Businesses

Best overall bank for small business: Chase.

Best credit union for small business: Consumers Credit Union.

Best bank for ecommerce: Axos.

Best bank for online freelancers: Simple.

Best bank for SBA loans: First Home Bank.

Best sign up bonuses: Bank of America.

“Investors must use conventional financing with a minimum down payment for a duplex of 20 percent. For a property with more units, they need a down payment of at least 25 (percent) to 30 percent.”

The downside of a month to month lease is that it doesn't represent as much permanence for landlords who are seeking long-term tenants. Tenants can give their vacate notice in as short as 30 days' time. ... If a landlord wants to get rid of a problem tenant, they often have to wait until lease renewal time to do so.

Houston is a more diverse and less segregated city than Dallas. Compared to Dallas, Houston has slightly better quality/variety of restaurants, museums, parks, and performing arts. Houston has a few lakes and is nearby the Gulf of Mexico and its beaches, whereas Dallas is landlocked but has many lakes.