Ola Inyang
Newbie's to Real Estate Investing out of state
13 September 2024 | 20 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.
Jesse Malhotra
Advice for college freshman
11 September 2024 | 17 replies
Houses are still selling as hot cakes with 30 days on market if priced properly and inventory that has been the same for the last 8 months (new in, old out), so be ready to be very clear on where to focus your search.
Nakul Patel
Looking to buy investment property
13 September 2024 | 16 replies
I do personally think that Section 8 can be a great investment if tenants are screened properly.
Marc Shin
Under contract on an Older Home (early 1900's).. issues
12 September 2024 | 6 replies
A proper sewer inspection is critical to avoid future plumbing disasters.
David Tran
Hero program is a scam and fraud
15 September 2024 | 22 replies
Can anyone please direct me into the proper direction/s.
Eugene Mitchell
Escrow won't close
15 September 2024 | 18 replies
I wouldn’t buy a property from my mom without proper title insurance.
Alex Silang
Renovation/furnishing costs of an STR
8 September 2024 | 18 replies
I've not done that remotely, but it could be done.I have a handyman that gets used appliances all the time and installs them in my rental houses when needed.It would take some trust or coordination on your part but could save you some substantial money.I'm sure you could find someone on the next door app that was handy and had a truck to go pickup stuff.
Miguelli Fernandez
Final Steps before commiting to my first out of state rental.
13 September 2024 | 50 replies
If you want to properly protect yourself, use layered insurance when you start.
William Coet
Does This Make Sense? Syndication Question
11 September 2024 | 9 replies
Investing in syndications, done properly, takes a lot of time.
Regina Bailey
Advice on Eviction Process in Chicago. IL
12 September 2024 | 9 replies
You might consider giving a notice to the entire building that you will be doing a walk-through on a certain date to check the condition of the property - you have a right to maintain your property and access all units if they are home or not with proper notice.Also, make sure that your notices have a person named as UNKNOWN OCCUPANTS listed.