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26 December 2024 | 5 replies
Just remember: most negative reviews are written by problematic tenants.
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1 January 2025 | 22 replies
I have more than enough private investors willing to pour their money in and I realize that there are diminishing returns when considering time spent looking for deals or deal finders and the amount of deals I close.I'm a real believer of the Pareto law which states that 20% of effort leads to 80% of results.
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1 January 2025 | 12 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 | 8 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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25 December 2024 | 12 replies
No real strong leads!?!
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30 December 2024 | 5 replies
Tenant took photos and videos but nothing detailed - a single shot or two of a room from the entrance, so is saying fridge was fine, normal wear etc Next - If we are being nice and deducting ‘portions’ of the charges and tenant continues to grind away, or this goes to court, do the compromise and smaller amounts offered negate the full amounts that could have been charged
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3 January 2025 | 45 replies
One or two little mistakes in your underwriting, a miss on the walkthrough, and you will blow right through your profit and come out in negative.
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25 December 2024 | 4 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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26 December 2024 | 1 reply
History: At one time (when I first began marketing for LPO leads for a fellow investor) the Free Ad Sites were the place to go to find motivated sellers.
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28 December 2024 | 6 replies
You can learn to do this independently or get a rockstar REALTOR to lead the way.