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6 February 2025 | 11 replies
With a milder climate, lack of natural disaster, good economic opportunities, and decent governance, NC has a bright future.
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8 February 2025 | 42 replies
@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 January 2025 | 0 replies
The very tragic LA fires have generated a lot of discussion about insurance costs. People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California...
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21 February 2025 | 7 replies
But I also wasn't expecting the promotion to apply for a 28-day booking.
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18 February 2025 | 35 replies
I'd really like to see something legal in nature that supports the deal failure, however I'm not sure exactly what to ask for.
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22 February 2025 | 6 replies
It assumes the property is Class A - which not a lot of investors are acquiring these days.Here's some copy & paste info about property classes:_____________________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 February 2025 | 10 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 February 2025 | 10 replies
After that is done, head over to IRS.gov and apply for your EIN (Tax ID).
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21 February 2025 | 26 replies
I've heard it first-hand.A mortgage person that understands income producing properties applies 75% of the rent towards your income.
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17 February 2025 | 3 replies
But the lessons I've learned during those days surely applies to my everyday hustle .