15 October 2024 | 69 replies
For example I have seen a note fund where the manager collected fees based on the payoff of the loans.
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7 October 2024 | 16 replies
At this point, the earnest money has been collected, and we were under contract to close on that day.. the original seller then tries to resell the property through another wholesaler that i happen to know personally.
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7 October 2024 | 7 replies
Start collecting rent on the 2/1($1650 within 45 days from close).So the question.. how do I tell if this is a good deal?
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7 October 2024 | 11 replies
I love that it has features to market the property, manage those leads, screen tenants... and also manage leases, collect rent, etc.
10 October 2024 | 0 replies
The day-to-day job of a landlord involves being on call 24/7, finding emergency contractors, collecting rent, screening potential tenants, and resolving disputes.For some investors, selling a rental property makes the most financial sense to get their life back to normal.11.
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8 October 2024 | 17 replies
No leg work from them to put claims against the tenants they found but to collect their portion and tell owner to remodel the whole home again to avoid time and effort on retrieving the funds from tenant to pay for their damage.
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9 October 2024 | 12 replies
I just refinanced a triplex for a client and his loan payment is 2k and he collects 4200/month between all the units.
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7 October 2024 | 24 replies
For example, are you using the lease agreement features, or using it to collect and schedule payments or just to track your portfolio?
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7 October 2024 | 8 replies
There are so many mom & pops who do manual rent collection, and whose goal is to stay at 100% physically occupied!
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8 October 2024 | 4 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 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.