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8 October 2024 | 23 replies
Nope, I stopped hunting altogether when I tapped out in '22.
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9 October 2024 | 12 replies
Trying to find quality subcontractors and writing proper contracts I would not recommend for somebody outside of the construction industry.
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9 October 2024 | 21 replies
It may make you feel better that you have it, but many instances its useless because its not the right situation or was done properly.
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5 October 2024 | 6 replies
Alicia mentioned the classifieds section here on BP for hunting, as well: https://www.biggerpockets.com/...
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7 October 2024 | 2 replies
Just because someone has a real estate license doesn't mean they know how to properly screen.I'm surprised dual representation is even allowed.
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9 October 2024 | 11 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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8 October 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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7 October 2024 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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7 October 2024 | 38 replies
Just keep hunting around.
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9 October 2024 | 23 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.