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12 February 2025 | 27 replies
Just use google maps and you can do a good job counting the number and size of units.
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1 February 2025 | 14 replies
The deed transfers to the trust without triggering due on sale and that is the only item requiring recording in the process.
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25 January 2025 | 6 replies
The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.
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20 January 2025 | 1 reply
However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).
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28 January 2025 | 15 replies
You are required to vacate the home before 5:00 PM on December 31, 2024.
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26 January 2025 | 3 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 January 2025 | 8 replies
And also the local job market.
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26 January 2025 | 5 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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20 January 2025 | 37 replies
Our long term goal is to purchase and move to a remote ranch and for me to be able to quit my job around 40 years old.
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12 January 2025 | 23 replies
Be sure to do your due diligence and make sure the PMC is licensed (if required, it's not in all states) and insured.