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3 January 2025 | 12 replies
Again, if you feel like selling it you'll be in a good position to do so in the upcoming months(Spring-Summer season).
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30 December 2024 | 7 replies
The problem is that most sellers aren't comfortable reviewing purchase and sale agreements.
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7 January 2025 | 9 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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9 January 2025 | 107 replies
But it sounds it worked out well for your equity position.
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17 December 2024 | 13 replies
This could add some credibility to your reviews and recommendations.
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26 December 2024 | 6 replies
Quote from @Chris Seveney: @Ryan KohenIt’s gotten some pretty bad reviews here on BPDo you like it or have an alternative ?
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7 January 2025 | 22 replies
I love it here because there are still positive cashflowing deals and lots of appreciation potential due to the strong job market, growing population, and major companies setting up shop here like Intel, Meta, Amazon, etc.
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30 December 2024 | 3 replies
Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.
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2 January 2025 | 9 replies
If I were in your position, I would look for a bank or credit union that will give you a line of credit against the rental property.
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31 December 2024 | 3 replies
I've done my projects solo so far and it has worked out for me, however, it is time consuming and not in the position to invest all into one deal.