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3 October 2024 | 26 replies
Currently lower income, but lots of development going on here public and private What class would you consider those areas?
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30 September 2024 | 10 replies
@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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2 October 2024 | 4 replies
It was a MASTER CLASS!
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3 October 2024 | 29 replies
Class D neighborhoods pencil out great if you don’t know what you’re doing and don’t mind packing a gun when you go to collect rent every two weeks.So here’s a tip: never invest in a place where you wouldn’t want to live.
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30 September 2024 | 8 replies
@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?
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30 September 2024 | 5 replies
Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F
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1 October 2024 | 9 replies
Similarly, investing in A-class single-family homes offers a different experience compared to C-class multifamily properties.What is your desired goal?
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30 September 2024 | 8 replies
Do you focus on one specific class of property, A,B,C, or D class properties?
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30 September 2024 | 1 reply
But my background and experience is in Business Development, and Marketing Strategy in close integration with sales, so I figure I at least have some transferable skills that'll allow me to make the most out of property as an asset class.
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1 October 2024 | 14 replies
Needless to say, that killed the deal.So yes, in today's environment you need some value add strategy if you expect to have some net positive cash flow at the end.