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9 January 2025 | 44 replies
well thats part of the job checking out your collateral.. :)
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29 December 2024 | 5 replies
Quote from @Jonathan Grzeszczyk: Soon I am taking a job with a wholesaling company on the acquisition side of the deal.
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4 January 2025 | 11 replies
They absolutely hate that part of the job.
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7 January 2025 | 9 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.
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30 December 2024 | 6 replies
Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.
29 December 2024 | 13 replies
Quote from @Aaron Kuehmichel: When the tenant requests an improvement, it's OK to say no.
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9 January 2025 | 20 replies
It might be an improvement over TikTok influencers and self-proclaimed gurus, but not by much.
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26 December 2024 | 0 replies
•Exterior: Landscaping improvements, including tree trimming and shrub removal.
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30 December 2024 | 12 replies
This agreement is just like a listing agreement when you go list a home, you are hiring the right person for the job, so this is the same type of contract, but this person is hired to find you the right home.
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2 January 2025 | 19 replies
Quote from @Brandon Croucier: No need to be paying an upfront fee to a lender.As a lender it is our job to perform or we do not get paid.