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10 January 2025 | 2 replies
I am a buyer - my buy box is 200k ARV, all in $150k after repairs, rents for $2000 per month.
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7 January 2025 | 5 replies
The quality of available tenant varies drastically depending on the neighborhood.
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10 January 2025 | 17 replies
@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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4 January 2025 | 67 replies
Now let's look at Quality based on grade of wood.There are primarily two different terminologies and methods to grade Quality.
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16 January 2025 | 20 replies
So that area is based mainly on ease of longer term (ish) rental income, with about 2-3 years stability depending on how often people PCS and the (somewhat) quality of tenants (bc you never know, even with military).
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16 January 2025 | 7 replies
They didn’t completely destroy the house, I did keep most of their security deposit and used it for the repairs, along with some of our own cash.
3 January 2025 | 8 replies
Are their listings detailed with good-quality photos?
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7 January 2025 | 7 replies
A lot of wholesalers lock it up at 75% - repairs and then try to move it at 80% - 85% - repairs.
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23 January 2025 | 24 replies
During those 10 days, if they find issues they want repaired, compensated for, its negotiated.
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12 January 2025 | 5 replies
If you can rent 3 units for $2,000 you are close to breakeven.On the plus side, you will have a highly attractive asset and several decades without much cost of capex and repairs.