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4 January 2025 | 14 replies
I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.
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4 January 2025 | 18 replies
Either payout wasn’t right , horrible tenant selections ( I started requiring them to bring me the cream of the crop and I decide) I tried 2 different pMs.
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7 January 2025 | 13 replies
Its a scare tactic and she is trying to bully you into letting her get away with this BS.You need to screen WAY better and/or hir e PM for future tenants.
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5 January 2025 | 33 replies
GC sat on the job waiting for more funds to pay their contractors and tried to strongarm me for more money.
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10 January 2025 | 6 replies
Tyler,Within my 20 years of experience as a landlord, if I had $150k and good credit, I’d focus on either flips for fast capital or rentals for long-term cash flow—trying both at once can slow you down.
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4 January 2025 | 14 replies
Trying to scale is a RISK proposition.
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6 January 2025 | 4 replies
Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.
31 December 2024 | 5 replies
Have you tried searching through local Facebook groups?
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2 January 2025 | 12 replies
You could try to chat with some people on campus and maybe even set some flyers up in or around the stadium.
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8 January 2025 | 5 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.