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2 January 2025 | 1 reply
A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.
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1 January 2025 | 4 replies
You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.
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12 January 2025 | 20 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.
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12 January 2025 | 23 replies
Then gloat about how much they made on the exit meanwhile dragging the neighborhood property values and increasing crime the entire time.
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8 January 2025 | 8 replies
Starting with local credit unions is a good idea.2 - I recommend starting your search with a Realtor who specializes in working with investors.
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30 December 2024 | 819 replies
A quick Google search should provide many home inspectors.
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3 January 2025 | 5 replies
Rehab to the standard of the neighborhood.
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3 January 2025 | 3 replies
My immediate goal is to acquire our first property and spend the next two years mastering the basics of real estate investment. ( Refining the Go and No property search criteria/ Learning the value of taxes and avoiding them as much as possible/ 1031 exchanges) Depending on my wife’s career orders, we may remain in Baltimore for 1-2 years, but I’m also exploring opportunities in West Texas, Sierra Vista, AZ, and Houston, TX.
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2 January 2025 | 36 replies
.- Stick to B and C+ Areas: These neighborhoods balance affordability and tenant quality, minimizing risk.- Analyze Properties Remotely: Use tools like BiggerPockets calculators to evaluate deals.
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3 January 2025 | 12 replies
I doubt you'll find a MF that you can get into for 40-45k that will give a similar return that isn't in a terrible neighborhood.