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13 December 2024 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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15 December 2024 | 38 replies
Quote from @Jamie Banks: @Jesus Jimenez Right now we are concentrated in the major cities from NY to Richmond, VA including NYC, Newark, NJ, Philadelphia, PA, etc.
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17 December 2024 | 15 replies
Always fix all water issues first before moving on to doing major repairs of a structural nature.
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13 December 2024 | 32 replies
I also got involved with a builder in Florida who has yet to produce the first of three houses they're contracted to build, which was a major hit to my available funds as well, setting me further behind.I also figured if I fell a little behind in saving (18 months instead of 12 months for example), I'd still be making progress.
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18 December 2024 | 26 replies
I’m interested in value-add properties, but not to the extent where they’re in struggling neighborhoods, which is unfortunate because these areas are just blocks away from the major hospital.
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13 December 2024 | 3 replies
They provide real-time access to credit reports from major bureaus—Experian, TransUnion, and Equifax—without affecting the consumer's credit score.Setup Process:Application Submission: Complete a formal application through Soft Pull Solutions.Documentation: Provide necessary documents, such as proof of business operations and compliance with legal requirements.Website Review: Undergo a review of your business website to verify services and permissible purposes for pulling credit reports.Onsite Inspection: An inspection of your business premises may be conducted to ensure secure handling of credit information.This process ensures compliance with legal standards and typically takes a few days to complete.
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9 December 2024 | 98 replies
Almost a majority of millennials said they would rather invest in bitcoin than stocks.
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11 December 2024 | 10 replies
That helped immensely and will be a major consideration for me!
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10 December 2024 | 12 replies
Don't see any major red flags here, so long as you are comfortable in the low income space.
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17 December 2024 | 36 replies
‘I agree the vast majority are small investors, or new to passive investments.