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18 October 2024 | 5 replies
Like @Michael Quarles and @Kristin Flores-Brockman are saying here.Occasionally there are investors who acquired an investment property with the intent to hold and put renters in, but find some unexpected negative catalysts that will impact their ability to rent it out.
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18 October 2024 | 29 replies
Check out my Google reviews and look at the negative ones.
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21 October 2024 | 25 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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21 October 2024 | 18 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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21 October 2024 | 10 replies
As you build your brand, consider offering workshops or online content that also touches on the financial aspects of real estate, like credit building, tax planning, and investment strategies.
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19 October 2024 | 14 replies
This is one of the least glamorous aspects of managing properties.
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18 October 2024 | 4 replies
Normally I do not post negative stuff, but the above and particularly termination fee for doing nothing irked me a great deal.
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18 October 2024 | 8 replies
But every day investors buy less than desirable property utilizing high leverage debt at high interest rates producing high risk of negative cash flow and built in negative equity.
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19 October 2024 | 14 replies
It's not uncommon for Class A rentals to negative cashflow for the first 3-5 years, until rents increase at a higher rate than taxes & insurance increase.While this can be an unpleasant situation, Class A properties tend to appreciate the most and attract the best/easiest tenants.
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19 October 2024 | 30 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.