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28 October 2024 | 9 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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24 October 2024 | 0 replies
1 - There are no sitelink extensions, which could give your ad more "visibility real estate" and better reflect your business.2 - There’s no phone extension, allowing visitors to tap and call you directly (which, of course, will be tracked in the Google dashboard).3 - There’s no Call to Action.
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21 October 2024 | 14 replies
Hi All,I have two door's and am collecting rent on different apps like venmo and cash, but I want to open an llc and collect rent on through that.
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28 October 2024 | 7 replies
This includes everything from tenant screening, rent collection, and maintenance to managing budgets, ensuring legal compliance, and addressing tenant complaints.
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31 October 2024 | 29 replies
Hide you money, drugs and valuables off site.If you do your own opens, do it for a couple of weekends.Once you have someone interested, you fill out a purchase & sale agreement, collect an EMD, open escrow, order title, verify ability to close with the buyer's lender.
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31 October 2024 | 24 replies
Or buy a fixer upper and work on renovating (valuable learning experience if damage not too extensive) during college years then sell and keep up to $250,000 tax free profit as your primary residence allows.
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25 October 2024 | 9 replies
Do you rely on local property managers, or do you have your own systems in place for things like maintenance, tenant communication, and rent collection?
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27 October 2024 | 15 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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26 October 2024 | 14 replies
They do say they have a one time fee for debt collection and I suppose negative reporting with a 30 day delay and dispute process.
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24 October 2024 | 2 replies
With your extensive background in appraisals and commercial real estate, you're a fantastic addition to the community.