Clemens Georg
New investor looking for guidance to buy first property.
18 September 2024 | 7 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.
Mirlyne Andre
Property management in Memphis TN
17 September 2024 | 6 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Michael Morrongiello
Any Easy way to Get ESCROW Impound Funds BACK - when SUBJECT 2 Loan is paid off ???
18 September 2024 | 7 replies
If you have a properly written power-of-attorney (POA) authorizing you to manage on behalf of the borrower, then you should be fine.Here's what we've done:1.
Tyson Thompson
Short and Medium Term Rental Vacancy Rates
16 September 2024 | 14 replies
Does anyone have a good advice on how/where to properly comp a multi unit property?
Natasha Rooney
Starting Out - How to Narrow in on a Decent Market
20 September 2024 | 23 replies
TIA :) You can have a great plan but if you can't properly execute it, it won't work.
Wesley Yu
Fences and Neighbors
16 September 2024 | 1 reply
In 2024, my neighbor replaced the back part of the side fence (He paid for it 100% and didn't give me proper notice per CA Good Neighbor Law).
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
17 September 2024 | 2 replies
Proper underwriting and due diligence (DD) processes are essential to ensure that projects maintain a strong risk profile while still delivering attractive returns.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
Yes I did send the proper notice regarding imposing a claim on the security deposit to the tenant's last known address, but not to the LLC at a different address.
Nate Caffero
Looking for information on a credit partnership
16 September 2024 | 4 replies
Hey Nate, it makes sense to continue building out your investment portfolio in Milwaukee, but if you're looking in the Midwest, I recommend you make sure you get very familiar with the market you're interested in and build your out-of-state team first such as an agent, property manager, lender, and contractors if you're planning on house flipping.I recommend checking out Long-Distance Real Estate Investing by David Greene, where he takes you through how to properly invest out-of-state.
Julie Muse
First Fix-and-Flip Triumph with Jeff Dilldine in Linden, MI!
16 September 2024 | 0 replies
Jeff's first fix-and-flip presented a learning curve, but the experience highlighted the importance of proper budgeting and project management.