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14 February 2025 | 1 reply
Is there any kinda class you may recommend or know about to help you get started into your investing journey.
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8 February 2025 | 42 replies
@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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5 February 2025 | 54 replies
They are very real and, very C-D class.
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3 February 2025 | 15 replies
@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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6 February 2025 | 12 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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16 February 2025 | 2 replies
I was thinking about talking with a modular home company and starting a lower middle class mobile home park.
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8 February 2025 | 3 replies
I have some crypto gains I’m really looking forward to dumping into a more stable asset class and hoping this can help me defer the taxes on the growth.
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8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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4 February 2025 | 5 replies
I invest mostly in the southeast and upper midwest.
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29 January 2025 | 2 replies
Another user noted in a PM, some of the exposure numbers are incorrect in the case that a borrower has blanket loans (many of these upper tier borrowers do).