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27 November 2024 | 3 replies
Go to etsy and search for "rental property tracker" and you will find hundreds of nice spreadsheets to track up to 20 rentals.
2 December 2024 | 1 reply
Next year i'll hit top pay and should start bringing in 1.2-1.3k a week. and the year after that i plan to move to linehaul and make about 2k a week.I do have a lot of debt, or at least it feels like it to me. the breakdown being;23k in college debt i got getting a bachelors that i never used across 5 loans ranging from 3 to 5% interest rate5k in bank loan debt i got getting my trucker cdl a at 12% interest rate.2.5k in credit card debt from not having an emergency fund and then having emergencies.
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1 December 2024 | 91 replies
If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.
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1 December 2024 | 4 replies
You’re generally working with tenants who, by definition, have lower income and often less favorable credit.
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24 November 2024 | 8 replies
Certainly track record is very important, but track record is so much more than deal performance.The last decade was a consistent bull market so almost anyone could put some runs on the scoreboard while learning little to nothing.
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30 November 2024 | 9 replies
Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.
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26 November 2024 | 8 replies
You need to demonstrate you are worth the risk.If I were to invest in someone else's deal, I would want to see their track record.
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25 November 2024 | 22 replies
I want to track exactly what you do as a service for my investor clients, but not get into property managment.
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5 December 2024 | 15 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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4 December 2024 | 6 replies
If the students do not have the income or credit to warrant the rent amount, I would require that they get a cosigner (like a parent or another relative that can vouch for them).