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28 September 2024 | 9 replies
@Hilda Cervantes PMC and agent are all you really need.They can both find handymen for repairs, just make sure they are properly licensed and insured.
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30 September 2024 | 26 replies
I, like many others, was VERY skeptical about buying a franchise until I had completed the proper due diligence.I'm very happy with my decision to buy a franchise.
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27 September 2024 | 2 replies
@Audrey Harrell if a wholesaler actually has a property at a good price and prsents it the proper way, they can advertise it alnost anywhere and buyers will find it!
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28 September 2024 | 4 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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29 September 2024 | 12 replies
If you leverage the state properly you can attract very good tenants that pay high rent.
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3 October 2024 | 46 replies
Most deals are at 0 or negative cashflow if your paying a manager and properly accounting for cap/ex.
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29 September 2024 | 13 replies
I'm not a buyer in the city proper, but you shouldn't have difficulty selling it.
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26 September 2024 | 2 replies
How can I properly asses each loan term and compare it to the others to ensure I'm receiving the best deal?
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26 September 2024 | 10 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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2 October 2024 | 71 replies
Every market is different, skills are different, location matters, proper due diligence matters and your individual lifestyle even matters.There are millionaires who live very humble lives and you would never know they were wealthy.