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7 October 2024 | 4 replies
Most S8 tenants have a history of bad decisions, often having convictions, evictions, bankruptcies, chargeoffs, collections, garnishments, etc.
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7 October 2024 | 12 replies
A collective approach could put more pressure on the syndicators and make legal action more feasible if it comes to that.Unfortunately, these situations can be complex, and getting your investment back may take time and effort.
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7 October 2024 | 3 replies
Collect three rents on a mortgage.
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8 October 2024 | 16 replies
I get a loser every once in a while but not often enough to make me stop collecting pet fees and a higher nightly rate than I was before.
6 October 2024 | 7 replies
But you aren't collecting the $200k unless you already have the $200k to pay yourself a wholesale fee, unless I'm missing something.
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11 October 2024 | 40 replies
Collectively (and individually), you guys make a very compelling case for the J&G community.
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7 October 2024 | 4 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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5 October 2024 | 2 replies
., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend!
4 October 2024 | 7 replies
The part that seems to continuously get people (unfortunately, and for lack of better words) is the "no evictions, no bankruptcy, and no more than 6 non-medical collections."
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4 October 2024 | 10 replies
Freddie Mac & Fannie Mae multifamily loans essentially offer low rate, high leverage, non-recourse permanent financing options that are backed by the full faith and credit of the United States government.