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28 December 2024 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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26 December 2024 | 4 replies
Also consider contacting houses that look vacant, simply door knocking in a neighborhood that you are interested in and talking to the homeowners in a genuine way, For Sale By Owners is another potential, using an App like Nextdoor or Facebook pages/groups related to local real estate and just telling the group what you are looking for, contractors also know about houses coming on the market soon and so do property management companies, and finally garage sales are a good way to find off-market properties as people prepare to sell.To Your Success!
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25 December 2024 | 6 replies
With just these numbers to go on, if I felt the neighborhood is solid/trending up and not down and assuming your rent projection is realistic, I'd buy it.
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3 January 2025 | 18 replies
If you want a more accurate estimate for rent, use any platform and zoom into your local neighborhood and see what similar properties are advertised for rent.
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27 December 2024 | 22 replies
If you start buying properties in Class C neighborhoods, you can take advantage of higher and more stable rents/renters with Section 8 vouchers.
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26 December 2024 | 8 replies
I was thinking of working with him & then I heard he left the organization.
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25 January 2025 | 155 replies
Also the clear use of bots to leave reviews both at BP as well as trustpilot and other websites is a huge red flag to the legitimacy of Pace's organization.
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26 December 2024 | 3 replies
Signed into law in 2021, SB 9 is designed to address the housing crisis by allowing greater density in residential neighborhoods.
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17 December 2024 | 12 replies
I love where you mind is at and how organized your post/plan is.
21 December 2024 | 6 replies
There is a organization called Mirror Indy who, IMO, has written a couple of great articles about the IHA challenges.