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11 December 2024 | 29 replies
A conventional income applicant, so to speak, could lose their job and pay you nothing.
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19 December 2024 | 50 replies
If real estate investors perform these tasks consistently, you make the plaintiff's attorneys job far easier because again they are chasing insurance proceeds and you are handing that over on a silver platter in a way where they are far less likely to care about you personally.What a great answer!
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7 December 2024 | 6 replies
The city's population growth, strong rental demand, and job opportunities in tech, logistics, and military sectors make it a reliable choice.
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1 December 2024 | 377 replies
Great job.
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9 December 2024 | 9 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 December 2024 | 35 replies
In these cases, maintenance and capex come out of the investor's pocket funded by their day jobs.
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10 December 2024 | 5 replies
Create a realistic pro forma profit and loss statement to determine if this business has the potential to pay any more than you could make working a “no risk” job. 6.
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4 December 2024 | 10 replies
If I leave 20 bucks on the table, I'll sleep like a baby and dream up the next big deal while others are getting audited or sued.
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17 December 2024 | 22 replies
I have also purchased using Real Wealth Network, and they do a much better job of vetting the local markets and providers and will stop recommending any providers or vendors if investors are giving poor feedback.
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14 December 2024 | 15 replies
To make the job flow easier, but also (mainly) to protect myself if a customer changed their mind later ( which was common).