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18 January 2025 | 16 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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10 January 2025 | 1 reply
Findlay is a real oppotunity beause you’ve got a combination of stable job sources, a decent population size, and often lower acquisition costs compared to bigger metros.About choosing an agent..
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10 January 2025 | 17 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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7 January 2025 | 22 replies
For a growth market to be growing, you need a lot of job and population migration.
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3 January 2025 | 5 replies
There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!
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17 February 2025 | 61 replies
Not trying to throw anyone under the bus and I respect both of you for doing what your doing and you guys probably do a great job.
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11 January 2025 | 67 replies
Am I giving myself another job/business?
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19 January 2025 | 9 replies
(+1 sub)speaking of uncut gems. it's interesting that was the movie you were going to watch, given your situation. can't really compare RE to gsmbling, but the guy had heart and wouldn't give up for nothing. great job on persevering thru this storm!
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28 January 2025 | 29 replies
@Bruce Woodruff did a good job with some basic numbers and it looks like a loser.Plus you are paying a premium over the average.
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15 January 2025 | 10 replies
It would be best to befriend a local contractor or even help one out on a job to see any differences from your past eight years doing it in another country.