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27 September 2024 | 48 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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27 September 2024 | 40 replies
If you are still confused that means they did not do a proper job in disclosing all the terms on the loan.
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22 September 2024 | 15 replies
I'd like to properly account for this in my cost for acquisition and ownership for roi use cases.
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22 September 2024 | 7 replies
This ensures proper cleaning/sanitation and that the unit is move-in ready.
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23 September 2024 | 33 replies
A small chip in the bathtub and that’s a fail, window doesn’t open good enough that’s a fail, bedroom door lock doesn’t lock properly that’s a fail.
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21 September 2024 | 1 reply
As long as you give the proper notice to the tenants, you should be fine.
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22 September 2024 | 41 replies
As a triple net lease tenant the property will get cleaned weekly, while making sure the property is properly maintained.
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24 September 2024 | 27 replies
Very little land available for proper zoning or pricing.Realtor/Owner of property offered to us at $900,000.
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24 September 2024 | 49 replies
Bottom line screen your tenants fairly and properly
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21 September 2024 | 9 replies
If installed properly it can take beating and it's water resistant.