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9 December 2024 | 9 replies
------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?
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9 December 2024 | 38 replies
And the calculation windows for when interest is assessed would probably surprise most people, it's generally not what one thinks it is so often waiting to that statement does often incur interest charges.
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9 December 2024 | 20 replies
This is especially true since I often look for properties that allow for tax grievance potential too further increasing cash flow.
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9 December 2024 | 3 replies
Be sure to run numbers with both a local lender and a national one to compare terms-sometimes smaller local firms can surprise you.HOAs: Brickell condos often have HOA fees, which can eat into your cash flow.
7 December 2024 | 4 replies
Then you may shop in that price range.Tip: check with your local credit union: they will consistently have better rates and often the underwriting of loans is done locally.Mike
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13 December 2024 | 35 replies
Since you’re looking for landlord-friendly states, consider areas in the Southeast or Midwest, where affordability and cash flow potential are often stronger.I agree.
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8 December 2024 | 14 replies
Our goal with this policy is to accomplish several things: - Encourage these "wholesalers" to bless some other real estate investing community with their presence- Stop the SPAM- Offset the several hundred thousand dollars per year in costs that spammers, too often "wholesalers" bring to the platform.
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7 December 2024 | 8 replies
Ants, spiders, flys, and other ordinary pests are often brought in by tenant behavior, so it's reasonable to expect them to handle with removal.Bed bugs are 100% the tenant's fault because they do not travel from home to home on their own; they have to be brought in.
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11 December 2024 | 13 replies
Its completely dependent on when the last time the company gets a data update and how often.
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9 December 2024 | 24 replies
But that is often an "apples to oranges" comparison unless you're going to live in the property/house hack.Got it.