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21 November 2024 | 20 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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20 November 2024 | 6 replies
One approach is to emphasize your reliability and track record, showing that a lower EMD doesn’t impact your ability to close deals successfully.
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20 November 2024 | 4 replies
If this is a 1-4 unit residential loan, most appraisers and lenders are going to use the sales comparison approach.
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21 November 2024 | 4 replies
A balanced approach—leaving some 401(k) funds for diversification while allocating after-tax dollars to real estate—can optimize tax efficiency and meet retirement goals.This post does not create a CPA-Client relationship.
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26 November 2024 | 127 replies
While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.
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25 November 2024 | 14 replies
Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach.
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23 November 2024 | 38 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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21 November 2024 | 39 replies
I think the failure of thought is to think any 1 singular approach alone is any kind of "silver-bullet" sure thing.
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19 November 2024 | 19 replies
A college student getting an engineering degree should consider different approaches, even if he decides to deploy some/all of the inheritance in real estate, than a high school dropout working a minimum wage job.
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18 November 2024 | 3 replies
If you contract is free to come with you, that would be the best approach.