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19 October 2024 | 5 replies
Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.
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18 October 2024 | 0 replies
Would I be able to collect those seller credits, even after the purchase has been completed?
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18 October 2024 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Vacancy 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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18 October 2024 | 2 replies
Request and review sample reports to ensure the collected data is useful and well-presented.
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19 October 2024 | 30 replies
Also, focus on 2 years of job/income stability.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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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18 October 2024 | 1 reply
Don't forget to factor for this -Â upon moveout, we reasonably expect to cashflow around $500/mo, which will allow us to maintain and hold for as long as possible to collect appreciation and yes some extra money toward the next investment.Â
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16 October 2024 | 5 replies
We currently have 105 units and are using a variety of excel, google docs/sheets/calendars, apartments.com (ads and rent collection), docusign and QuickBooks online (which we would like to keep).Â
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18 October 2024 | 15 replies
Rent collected way under fees paid lease, extra utility charges to me, management fees, taxes, insurance, do not even come close.Â
16 October 2024 | 11 replies
Sure that's fine but.... the owner said he used multiple bank accounts to collect rents and thus can't provide the 3 years statements since they bought 2022 so not 3 years.
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17 October 2024 | 5 replies
This LLC does not own property but it manages the properties collects rents etc.Â