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30 November 2024 | 2 replies
Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making
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23 November 2024 | 5 replies
You'll potentially increase your stress, fail to replace your lost income, and possibly lose part or all of your investment property equity.Focus on replacing your job and stabilizing your finances.
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3 December 2024 | 51 replies
The only change I have is I'm a little bear-ish on Lubbock overall - its a very linear market that doesn't have a ton of "job pull" like other markets have (tech/aerospace).
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3 December 2024 | 5 replies
Not much industry for decent jobs.
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7 December 2024 | 14 replies
Jay, most of the "log" cabins in the Smokies are "log look", which gets the job done.
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2 December 2024 | 7 replies
My best success seems to come from tenants that go to a job where they work for a company.
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30 November 2024 | 3 replies
Hey Rich,I'm only at 21 units (closing on another 4 next month), but I work a full-time job and also got my real estate license this year, so my plate's pretty full.
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2 December 2024 | 4 replies
The easiest and straight forward option would be, as you said, to sell the current residence, payoff the HELOC (or most of it) and then get back to saving with your jobs and the rental cashflow.
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2 December 2024 | 9 replies
The important part of investing is the calculations of a deal, having capital, and a W2 job that will help you get loans.
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1 December 2024 | 25 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.