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22 November 2024 | 20 replies
Over and over, you can be constantly evicting and replacing appliances and doing major repairs.
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26 November 2024 | 17 replies
The above two are your major liability determinants.
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1 December 2024 | 134 replies
The last two tax lien houses that I got and sold had major plumbing issues.
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23 November 2024 | 15 replies
You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.
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23 November 2024 | 38 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.
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28 November 2024 | 184 replies
Whoever gave this person “women of the year award” should be sued for doing zero due diligence on this person I agree, please report that organization which is POWER magazine
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21 November 2024 | 16 replies
If you're asking how to get a general purpose loan to the LLC, then that's not going to happen without several years of operating history and organized financials for a CRE lender to underwrite.
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21 November 2024 | 2 replies
You should know how you can contest your assessed value, especially if you are buying the property for below current assessment.You should understand if there are any tax abatements available today or in the future.There are real estate tax consultants in basically all major markets, or your real estate agent can likely help with some basic questions, as well.
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20 November 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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21 November 2024 | 2 replies
Night Before the Exam dot com is a good state study test if they have it for your state.To be clear though, the majority of what you learn in the class is not used by residential real estate agents in practice.