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14 December 2024 | 3 replies
I have heard positive things - expect lower overall returns in exchange for them doing the work!
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16 December 2024 | 15 replies
Like contact cases, wrapped toothbrushes among other things.They do get used and I am sure they are appreciated.They might not state it in their 5 star review, but I am betting that it creates positive thoughts and that helps the reviews.
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14 December 2024 | 2 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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19 December 2024 | 14 replies
@Kevin Akers,You’re in a great position to leverage your equity!
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16 December 2024 | 43 replies
On a positive note, I guess I could say I do appreciate that RTR exist and because I decided to use them I was able to use their resources/affiliates.
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16 December 2024 | 8 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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17 December 2024 | 29 replies
$900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not.
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19 December 2024 | 13 replies
You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright.
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13 December 2024 | 12 replies
This seller feels like he has a good position to turn down people who need to finance.
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13 December 2024 | 2 replies
If the answer is no, be mindful this will create a more difficult sale when exiting the position down the road. 2.