All Forum Posts by: Craig Wilcox

As a side note: I only use the cheaper filters in my furnaces. I have 3 HVAC experts in the family and they each have told me that the "premium" or "allergen" filters are hard on the furnace and will reduce its life.

Robbie, Here is my broad view of property class, I hope it helps.

Class A: Newer property in a highly desired, stable location with good schools.  These attract high income earning, stable, and responsible tenants leading to low vacancy rates.  Purchase prices and the investment amount required are driven up by owner occupied buyers which provides appreciation but lower cash flow.

Class B: Property in a mostly stable location with average schools. The vacancy rates are mid level and normal wear and tear is expected from tenants.  The added managed risk provides opportunity of higher cash flow than A class with lower purchase prices.

Class C: Older properties in a less stable location with typically less than average schools but must not be in a "war zone".  These may experience higher than average vacancy and higher than normal wear and tear with a mix of government subsidized tenants.  The additional managed risk allows for potentially high returns but can be difficult to manage and may require longer time to liquidate.

Class D: Old properties in challenging and potentially dangerous neighborhoods with little to no amenities. These are characterized by high maintenance, high vacancy rates, and the tenants are the most challenging.  The cash flow will appear to be the highest on paper of all classes but will be greatly effected by the cost of repairs and eviction fees from the lack of payments from the tenants.

Mike,  

I never liked the name of those books since a dummy wouldn't seek an answer to their question in the first place.  Anyway, maybe you already did this but I would suggest that you first read through the free How-to Guides on BP.  There is one specifically for wholesaling.  BP How-to Start Wholesaling

Plus, there are numerous blog posts on the subject as well.  You should be able to find a lot of info to get started before paying for any workshop.  Good luck!

Congratulations Glenn!  That must feel awesome.