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6 December 2024 | 13 replies
I have $80k liquid in CDs and savings accounts in the bank and a credit score between 760 - 780.
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5 December 2024 | 4 replies
When you transfer retirement funds into a self directed account you can certainly buy real estate with it.
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8 December 2024 | 9 replies
Forced appreciation, where you do things to raise the value, should be taken account of in your underwriting.
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1 December 2024 | 25 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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6 December 2024 | 17 replies
Make sure you have enough saved up not only for the down payment but also closing cost, plus some reserve in bank accounts or in other investment accounts!
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8 December 2024 | 12 replies
If it says on the website they pay $1,500 for X number of bedrooms, they probably pay closer to $1,150 once they account for the utilities.
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7 December 2024 | 6 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
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2 December 2024 | 21 replies
With historical inflation in mind, that mortgage is essentially an asset.
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19 December 2024 | 55 replies
Interest payments hit my account as expected.
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6 December 2024 | 4 replies
Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment.