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19 February 2025 | 14 replies
If at some point it just takes too much of your time or energy you can always turn over to PM to manage.If you think you will buy 4 this year, then that might save you enough money to buy a 5th.While I think it is great to have plans and goals, I will say most of my good and active investors target one a year.
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23 January 2025 | 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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23 February 2025 | 18 replies
Just left my W-2 to go full time Real estate but I'll tell you what...it ain't passive!
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12 February 2025 | 5 replies
Using 50% rule (expenses excluding P&i is 50% of rent) here are the numbers;1800 (rent) - $900 (expenses) - 1468 (heloc) = negative $568/monthAt your rent point with that size unit, your expenses will ve less than depicted by the 50% rule, so let’s use a likely more accurate 40%1800 - 720 (expenses) - 1468 = negative $388/monthNow let’s imagine you self manage and you time is not worth anything (I strongly recommend believing your time is worth less or worth less than a quality PM would charge) with 8% further reduction so expenses are down to 32%1800 - 576 (expenses) - 1468 = negative $244/month.
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22 February 2025 | 5 replies
This one will cash flow a little when we move out but it was a bit more of a long term play for us (5-10) years, so we need the time to make it worth it.
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7 February 2025 | 6 replies
I'm just thinking about the time it would take me to show them on the other side of town constantly.
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13 January 2025 | 18 replies
Of course it isn't going to work for everyone...then again, I also have many friends with degree's that cost them 6 digits that cannot get a job in their field!
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11 February 2025 | 7 replies
The time to close might be harder I would look at heloc.
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22 February 2025 | 2 replies
you can find him on YouTube and he was on the BP podcast a few times.
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21 February 2025 | 2 replies
Probably some you've heard a few times before, so I apologize.1.