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10 February 2025 | 8 replies
I don't think $175/month is good in Florida (or anywhere) for 30 percent down, but it also depends on what the rest of the block and area is like and if there is appreciation scale.
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15 February 2025 | 11 replies
Small boutique firm, lower mgmt fee, personalized service, good mentions from here (BP forums), focused only on KC.
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17 February 2025 | 3 replies
If there are other markets in the mid-west that you find interesting, I would be happy to explore those with you or sticking with what you have explored here will also be good.
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11 February 2025 | 7 replies
I can see why you'd get good cash flow!
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20 February 2025 | 18 replies
If his landlord reference for the past five years is good, that would weigh much heavier than his eviction.Based on what you've shared, I think this is a low-risk situation, and I would probably accept them with a deposit equal to one month of rent.
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22 February 2025 | 8 replies
It's always good to have documentation and most managers wouldn't evict for this unless it's quite excessive.
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10 February 2025 | 30 replies
Definitely a good overall real estate market with solid upside potential.
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22 February 2025 | 6 replies
Still need to screen S8 prospects though.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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14 February 2025 | 4 replies
You will need to vet them to confirm they are good for your property.
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20 February 2025 | 5 replies
But to really answer your question - from an outsider's view - things have tightened up and continue to be tight....deals are harder to find, and interest rates make some good deals just average.