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17 October 2024 | 47 replies
The automation aspect was cool, but as carriers are getting stricter it's going to be harder to have good delivery rates.
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14 October 2024 | 2 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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15 October 2024 | 15 replies
If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.
15 October 2024 | 8 replies
Or are you managing every aspect on your own?
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16 October 2024 | 16 replies
I should always avoid negative cash flow (which is what I'm seeing) 3.
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13 October 2024 | 5 replies
In 3 years it would still have large negative cash flow.
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14 October 2024 | 2 replies
However, when you factor in the HELOC, we have a negative / break-even cash flow (HELOC payments are about 25% of the revenue from both).
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14 October 2024 | 420 replies
We aren't negative people; we are responding negatively to the barrage of cult-like reviews.
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15 October 2024 | 40 replies
NOTE: One "new" negative is that all small LLC's are now subject to the Beneficial Ownership Information Reporting requirements of the Corporate Transparency Act.
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16 October 2024 | 13 replies
I was more diligent about soft aspects of the interaction when accepting applications.