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4 December 2024 | 4 replies
Turn key investments are at such a high negative cash flow that I don't think it'll be a viable option.
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10 December 2024 | 36 replies
Quote from @Mike Grudzien: You need to speak with an experienced attorney ASAP!
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5 December 2024 | 7 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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4 December 2024 | 4 replies
If you would like to connect or speak more with me please don’t hesitate to send me an email.
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5 December 2024 | 6 replies
@Loren SouersI'm going to lead with the suggestion that you consult a tax professional and an attorney.Generally speaking, you can put a rental property in a revocable living trust, which can help with estate planning and asset protection.
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3 December 2024 | 10 replies
That is awesome, but also why you have negative cash flow.I think you are using OPM in the wrong context here.
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3 December 2024 | 16 replies
Its better to buy assets that will appreciate ( historic ) and be break even or a little negative.
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6 December 2024 | 34 replies
I can't speak to the accuracy of their skip traced numbers, but it sounds like that's not good either.
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4 December 2024 | 37 replies
And now, a Steve Martinez from their FL number called me to put someone named Cody on the line screamed at me, cursed me out and threatened me for speaking bad of them.
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2 December 2024 | 3 replies
what i'm finding is that, if i BRRRR successfully and then refinance into a DSCR loan, almost every property is break even or slightly negative.