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26 February 2025 | 21 replies
Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.
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26 February 2025 | 9 replies
I have found some of the best contractors from Facebook groups in the local market for example "Real Estate Investors of Oklahoma City".
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26 February 2025 | 13 replies
All look in-line with typical market pricing.
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16 February 2025 | 3 replies
Quote from @Kaleb Johnson: The issue is that you cant cold call people in New York You cant cold call but you can definitely do SMS marketing and find your ideal sellers for wholesaling.
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8 February 2025 | 7 replies
I am an experienced investor and unexpectely find myself managing a duplex myself and wondering if there is a small landlord (aka inexpensive) simple solution for marketing, background checks and lease creation that markets on zillow?
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26 February 2025 | 8 replies
This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget.
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26 February 2025 | 6 replies
In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits.
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9 February 2025 | 33 replies
Anybody done that sort of marketing?
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18 February 2025 | 9 replies
I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In that until I refinance each property which have already appreciated extremely quickly given the current market.
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11 February 2025 | 1 reply
Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.