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15 October 2024 | 7 replies
What if they have collections or judgments?
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15 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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13 October 2024 | 4 replies
If it's allowed in your area collect a double deposit to offset the possibility they're going to default.
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14 October 2024 | 7 replies
The county tax collection official will add to that purchase price the full redemption amount for John's 2020 lien.
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15 October 2024 | 3 replies
You should read the ENTIRE state statute on property tax collection and delinquencies to fully understand the process.
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14 October 2024 | 3 replies
So your material participation is assessed across all your rental properties collectively not one-by-one.
14 October 2024 | 1 reply
A co-signer COULD be good IF the co-signer is "collectible".
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14 October 2024 | 2 replies
, we are super blessed, it was not easy but it wasn't super hard either, and the tools here at BP are a VERY good resource to Analyse deals. thank you, guys.we are renting this property now to a wonderful family, they are super happy with the place, and we are collecting $1,200 P/M rent with over just over $500 in cash flow :) I just wanted to share to encourage new investors!!!!
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13 October 2024 | 7 replies
The amount and type of data they collect for "free" use is concerning. https://innago.com/privacy-policy/
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14 October 2024 | 3 replies
I pictured a management company that handled rent collection, cleaning service, etc..