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29 January 2025 | 10 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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19 February 2025 | 4 replies
If you have any questions or need a sanity check - feel free to reach out to me in the DMs or contact info in bio.
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7 February 2025 | 7 replies
Over estimate the costs and not need them?
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24 January 2025 | 18 replies
This post has nothing to do with cost segs.
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4 February 2025 | 5 replies
We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc.
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5 February 2025 | 4 replies
Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.
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24 February 2025 | 6 replies
At the buy down shops, you can get into the 6s but it will cost you a few points.
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22 January 2025 | 9 replies
A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.
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6 February 2025 | 9 replies
You are correct in your assumption that it will impact how low they can go on the down payment, though, b/c commissions will need to be paid out of closing costs.
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6 February 2025 | 3 replies
More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.