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2 January 2025 | 14 replies
Year 1, I intend to keep my W2 job while i work to get my small business going.
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21 December 2024 | 7 replies
I do not see a need for extra cost or tech not all of your guests will appreciate (i.e. older generations).
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2 January 2025 | 10 replies
It's your job to create a buffer between the tenants before they start fighting as well.
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28 December 2024 | 2 replies
I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.
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4 January 2025 | 14 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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2 January 2025 | 13 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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28 December 2024 | 7 replies
I would focus on getting a solid job/career then going into a house hack.
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5 January 2025 | 18 replies
All the posts do a good job of highlighting the importance of a long term view when acquiring property.
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30 December 2024 | 7 replies
It is just a job, not RE investing.Save up and buy your own place to Truley create wealth and not just make an actual owner money.
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29 December 2024 | 3 replies
I currently own a few properties here in Bryan-College Station, I have a full time sales job so try to stay as passive as possible.