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1 December 2024 | 21 replies
I can get a direct flight to major metropolitan areas, but it would be much more difficult to get to Topeka or North Dakota, for example.I feel that I'd like to see the market at least once, to get a feel for the area and to meet the local team.
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2 December 2024 | 2 replies
Major drawback was the starter plan did not allow you to customize a lease.Avail had very basic functionality and was missing features such as income verification.They all require a fee for ACH and Credit/Debit, but Inaggo and TurboTenant allow for offline payments such as Venmo, PayPal, and Zelle.
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5 December 2024 | 34 replies
If they didn't do any major damage to the house is probably not worth suing them.
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6 December 2024 | 17 replies
my plan is to study finance-related majors in the future, and then practice after having enough experience.
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1 December 2024 | 15 replies
Get familiar with the major systems.
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2 December 2024 | 6 replies
Our engineering team finishes in roughly 2-3 weeks with no major modifications required to our initial architectural plan.
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5 December 2024 | 8 replies
(Be sure to factor in vacancy, PM fees, maintenance, etc in addition to PITI)•Do you have additional reserves to cover unexpected expenses like long than expected vacancies, high turnover costs, or major repairs (e.g., HVAC or roof replacements)?
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2 December 2024 | 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, 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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4 December 2024 | 37 replies
But agree for HML majority of the states as long as its commercial purpose no license required..
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2 December 2024 | 4 replies
Since my scenario uses essentially turn-key condition multi-family rentals in an appreciating market ( West Coast major city ).