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7 January 2025 | 1 reply
Brandon Turner does a great job going over different strategies in his book "Invest in Real Estate with No (or little) Money Down".
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23 January 2025 | 56 replies
Also, he knew one of his guys had done a bad job on the kitchen tiling and was planning to redo it.
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8 January 2025 | 34 replies
I see no value in it for evaluation.Realestate.com has always been a good site for accessing properties, but they do a poor job of evaluation.
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3 January 2025 | 8 replies
.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.
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15 January 2025 | 24 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.
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23 January 2025 | 15 replies
My wife and I have good W2 jobs currently so we get better terms with traditional lending in comparison to DSCR lending.
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15 January 2025 | 12 replies
Tampa, Riverview, and Wesley Chapel are booming for BRRRR and long-term rentals due to job growth and population demand, while St.
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13 January 2025 | 12 replies
This is where people fly in, this is where jobs and internships are, and it's central to the entire Triangle.
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21 January 2025 | 74 replies
I know, I get a lot of different kinds of checks because I work with corporations, schools, banks, jobs, etc.
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6 January 2025 | 7 replies
Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.