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19 December 2024 | 22 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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6 December 2024 | 21 replies
Most of the time they are young 20s and fresh out of college and never owned a pierce of real estate.
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18 December 2024 | 23 replies
And with the example you used of being able to save 100k per year, do you really think that there’s gonna be that much stress relief from a paid off mortgage when you’re making kind of money?
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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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8 December 2024 | 8 replies
All appliances need updating as well as a fresh coat of paint and new flooring.
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12 December 2024 | 5 replies
This is an example of someone violating law to make more money, and it could eventually come back to bite them.
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11 December 2024 | 13 replies
10 out of 10 will say "KEEP".You are targeting people that do NOT want to sell their house.How is this example any different from the baby-cow example?
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14 December 2024 | 7 replies
An example, a small down payment initially, but the note has now seasoned for 60 months with on time payments documented by a third party servicer.
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13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
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14 December 2024 | 13 replies
Common examples include difficult grading, or an irregular lot orientation.