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3 October 2024 | 7 replies
Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.
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1 October 2024 | 13 replies
;-)I have owned and rented SFH since I was in College (I bought my first home, and then lived in it while collecting rent to pay the mortgage and make cash from my roomies.).
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7 October 2024 | 35 replies
This company is a scam (now doing business as Poplar Homes) doing the absolute bare minimum to keep collecting fees.
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2 October 2024 | 24 replies
After 4+ years, my loan and the principal is paid back and I collect ATM distributions for another 3+ years.
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3 October 2024 | 11 replies
If they still don't budge, then you have to follow through the eviction.For the life of me, I don't understand why so many areas in the country make evictions so onerous on the landlord and the collections of unpaid rent so impossible for landlords.
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2 October 2024 | 6 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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2 October 2024 | 8 replies
Owning only 1 & being realitivly cash poor is risky.As for door knocking as a way to collect rent.
30 September 2024 | 3 replies
Do you prefer to have an open "application period" to collect applications and then make a decision based on the "most qualified" or do you take the first qualified, even if on a personal level they put off some red flags.
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7 October 2024 | 34 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 September 2024 | 2 replies
I hear the list hasn't changed much from that impression, but haven't looked recently.I have 13 SFRs and 3 are rented through Section 8.