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5 December 2024 | 7 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
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4 December 2024 | 5 replies
Then, I am using Rent Property Calculator and mortgage payment to estimate if the property can yield a positive cash flow.
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3 December 2024 | 7 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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2 December 2024 | 4 replies
Holding is doable but it depends on your financial position, with a refi you'll have costs to do that and your numbers would be different.
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7 December 2024 | 18 replies
More looking at equity position now.I looked at a Quad for $550K she didn't like how the area looked so I passed.
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3 December 2024 | 5 replies
3) Is your product positioned to compete?
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3 December 2024 | 12 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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6 December 2024 | 17 replies
I’d look at listening to podcasts such as BP, BP money, straight up Chicago investor podcast.While in school and even now, I’d focus on working as much as possible to make sure you’re in a good position to have a down payment as soon as possible.i’d try to understand what a good deal is (underwriting), and also lending.
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3 December 2024 | 3 replies
No where… Once interest rates go down to the 5.5% range, you could refinance and be in a way better position. ** Another way: you could do all of the above and then use a company I use to split the lot.
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10 December 2024 | 26 replies
Then their eyes close and the ramble aimless for awhile before they do it again and have no positive traction anywhere.There is NO easy street it's a MYTH.