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20 August 2024 | 11 replies
@Anthony PerezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
19 August 2024 | 6 replies
You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.
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22 August 2024 | 21 replies
Originally posted by @Nick C.
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19 August 2024 | 6 replies
We are officially under contract for our first property - a SFH in what I would gets is a B-C type of neighborhood.
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20 August 2024 | 18 replies
Do I work with Agent X, but they charge more....or do I work with Agent Y who charges less, but they aren't as good as Agent X.Then the problem is A, B and C Agents, who charge the same as Agent X who is good, but A, B and C arnt nearly as good as Agent X.
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19 August 2024 | 9 replies
@Amy KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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20 August 2024 | 50 replies
C. §7425(d)(1) {scroll down for part d}:https://www.law.cornell.edu/uscode/text/26/7425And if the proper notices aren't served upon the USA, then the IRS lien survives, it is not discharged.
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18 August 2024 | 28 replies
Currently has window A/C and radiator 2 of the units.
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20 August 2024 | 11 replies
Not sure what else I can do. www.airbnb.com/p/spbungalowhttps://www.furnishedfinder.com/property/708291_1https://spbungalow.com/ (property website only- no pricing)I can:A) Wait a few more weeks to see if I get bookings at the price I need to break even.mwhile I Continue following up with leads and insurance contacts.B) Lower the price by $50 every week until I get a booking C) Offer a discounted rate to my first 3 bookings on Airbnb to get reviews and have my property rank higher in the algorithm.
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21 August 2024 | 27 replies
Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.