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7 October 2024 | 24 replies
I can't recall all the reasons I rejected it but one HUGE primary flaw that is so fundamental it made me question everything else about their software - there is no concept of a portfolio.
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4 October 2024 | 4 replies
There aren’t too many options that I see; this could tip over into an ongoing negative situation.
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4 October 2024 | 10 replies
If they are any less than 100% happy you will get a negative review anyways.
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2 October 2024 | 9 replies
Should I hold on to the house, despite the potential negative cash flow, with the hope of refinancing and future appreciation?
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4 October 2024 | 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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4 October 2024 | 12 replies
It would be virtually certain to be cash flow negative.
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3 October 2024 | 9 replies
We were super lucky to have hit relatively low rates (15-year 2%-3% range) that we would not see again today.The Dallas property is now rented, giving a almost zero cash flow over a 15-year fixed mortgage, until the recent HOA increase pushed it into the negative side slightly.
4 October 2024 | 26 replies
I prefer my method because with the $800/month estimate you might buy a property believing its a great deal, BUT sell it after several years having made negative cash-flow.
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5 October 2024 | 17 replies
There are a number of posts on this site about negative experiences with 1-800 accountants.
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3 October 2024 | 6 replies
@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.