I don’t know why people get bothered when someone is promoting something, instead of of looking at the actual calculator and seeing it’s a decent tool to have! Only because someone is promoting something doesn’t make it automatically a bad thing. People create tools and other things and have to promote that just how business is. When in reality you should be looking at what the calculator offers and see if it’s useful to you.
I thought he had some good points. I'm just curious as to whether BiggerPockets have the businesses listed under network vetted before allowing them to be listed on the site. I looked through some for my area and it all seems a bit sketchy. 🤷🏼♀️
This was a great episode! I'm looking to buy my first investment property, but my wife is worried that tenants won't pay and we'll be stuck paying for them to live free. But it doesn't help that we've talked to a couple of investors and realtors and they said now is not the time to buy rentals. Hopefully I can persuade her orherwise!
Not trying to be rude but let’s think about how ridiculous that statement is. Now is not the time to buy rentals. So if you found a house tomorrow that could rent for $1500 per month and the owner was dumping it for 40 grand she wouldn’t buy it because now is not the time?
The scariest part is the first time you have 2 mortgages. Learn to screen tenants and you won’t have that problem. People with good credit don’t typically want evictions.
Can anyone explain how 12.04% 5 year annualized return came? It seems wrong . ROI is only 2% Even by counting Principal Amount at the end of 5th year it come 4.27% per year. It is Great Explanations of everything. Thank You
I’m saving up for my first rental to set up as an MTR and I can’t help but think how will I get the money for updating the property? I plan on using a DSCR loan since my W2 isn’t enough to price I can pay my primary home and a second.
For me it’s always a good time to buy investment as long as you have a downpayment. That’s where I am now, after 6 properties, stucked finding for more fund. I have a lot of equities with all my rentals but afraid to refi or take out money since I have a great rate with all my loans after refinancing all 2 yrs ago.
I would refi and use money for another down payment. the rates will eventually come down again and when they do refi again. you’ll be way ahead with more properties.
U got four more property to go. Stop at 10, than get all the income and start paying one off than do the snow ball effect on each property. Your main goal is to pay all your rental property off.
@@pitohead77 that’s my other option right now. Just have to convince myself to let go the low rate I have right now. I had high interest when I started and I was so happy to get 3% for investment property when I refi.
Yeah… they have some great tools, but the whole thing about how you shouldn’t time the market and buy in any condition if it’s a good deal is sus. If the market crashes and you can’t find tenants to cover expenses ur f**ked
I have a property in New Hampshire that won't sell it is listed on zillow and I have already done two price drops and still nothing would you at bigger pockets be interested?
Where at in metro Detroit? I have a few questions for you if you're willing to chat. I'm also in metro Detroit area but have some hard questions that's kind of holding me back
Do you have an episode on how to network? I have been researching real estate for a few years but I don't know how to find a deal. Any tips of how to find people that are willing to help a new young investor?
We do have a Real Estate Rookie Episode on networking: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-R0UaBWA0vjM.html That would be a great topic for us to dive deeper into!
I listen to you nearly daily-I think about subscribing, (already subscribed as a FREE member) but so many of your podcasts are in CA. I'm in Virginia-a WHOLE different animal. I have one STR doing awesome in Williamsburg and I live in a home with 2.3 interest. Looking for a duplex out here. Eventual goal is to rent the home I'm in, and move my aging parents into one half of duplex, myself in the other. Any recommendations on specific podcasts?
Really enjoy bigger pockets podcast but this one not so much. Little over 17 minutes in and no real content to speak of. I'm sure that there will be some quality content somewhere in here but after the first 17 minutes I just dipped.
I wonder what I'm doing wrong... In 7 years I had 4 income properties and now I'm down to 3 and struggling to pay my bills lol... I live in a communist country known as Illinois where the government says people don't have to pay rent and can stay in the property for 2 years or as long as they want.
looks like you don't have enough cash reserves to weather storms, always plan for the absolute worst! Also the US is so far from being communist, regardless of what Fox news keeps pushing
