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7 January 2025 | 28 replies
If you're certain the type of renter you're going to get are traveling medical professionals, you know they're on short term contracts (typically 13 weeks).
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5 January 2025 | 28 replies
I am swamped right now with my rental renovations & furnishings I am finishing up plus I typically work late, so I haven't been able to make it much lately.
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13 January 2025 | 19 replies
The time, effort and amount you will save is typically inconsequential.
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3 January 2025 | 5 replies
You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.
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9 January 2025 | 16 replies
I typically will book tax entries as an accrual so that they don't affect the operational accounting.My reports do not tie exactly to my tax return as there are temporary and permanent differences between tax books and accounting books.
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9 January 2025 | 16 replies
In fact, a couple of recent studies have shown that working with a broker typically saves about $10,000 on a residential mortgage.
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2 January 2025 | 1 reply
I'm not a typical Realtor perse looking for clients so I don't need the trust factor that may go with the REALTOR symbol in my marketing or anything.
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10 January 2025 | 23 replies
Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private).
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2 January 2025 | 4 replies
A good investor friendly agent typically does “driving for dollars,” from what I’ve heard, and they might have a direct line on off market properties.Eyes on the Future - At 19, you can stack up quite the portfolio over the next decade.
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4 January 2025 | 35 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, 1-3 years for positive cashflow, 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, immediate cashflow and at the lower end of relative rent & value appreciation.