18 April 2024 | 83 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+, 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, 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.
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17 April 2024 | 10 replies
For one of my rentals (4bed 3bath, 1850sf w/ pool, todays value around 800kish) my premium is 4,000 a year Again, it varies depending on so many things so I tell my clients to get quotes for properties they are interested in to really get an accurate idea.
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16 April 2024 | 12 replies
First time homeowner here (since 2020)…I really want to move out of my current home because it is too large for me and my two dogs and I hate cleaning so much space (refuse to pay someone to do it haha)it’s a 3BR/2.5BA, two stories, 2565 sq ft on a 7000 lot with a huge pool in the backyard.
16 April 2024 | 5 replies
You want the widest pool of buyers and to get the highest price possible, REA and MLS is the way to go.
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16 April 2024 | 18 replies
I did have to leave them last year because they had a $1million max liability if any rentals have a pool.
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16 April 2024 | 20 replies
You typically fall into a deal or two at the start, but then you have to really go to work to keep it going.Biggest mistake most investors make is assuming all properties perform the same, regardless of location, tenant pool, etc.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
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16 April 2024 | 18 replies
You still have utilities, HOA, replacements, sundries, pool cleaning, property management etc.
16 April 2024 | 4 replies
One property in particular is listed in the Kissimmee area (I think it’s about 26 mins to Disney), it’s a single family, with a pool. 3bd/2bth.
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16 April 2024 | 7 replies
Various classes have different property values, tenant pools, turnover ratios, etc I’ll posit a link below as this can get to be a lengthy note https://www.realtymogul.com/knowledge-center/article/what-is...Are you looking into short term, mid term, or long term rentals?