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8 January 2025 | 2 replies
My experience with friends/some clients is get their numbers via whatever method you can and reach out via the phone.
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21 January 2025 | 8 replies
@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.
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25 January 2025 | 7 replies
Just stating that waiting will also likely make the cost of what you want to buy go up if the last 98 years of real estate data provides the future direction.
13 January 2025 | 21 replies
Hey Account Closed - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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29 January 2025 | 11 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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11 February 2025 | 25 replies
Support has gone down substantially imo while costs have gone up. big issue for us was the announcement lady year that tenant ACH payments were going from free to $2.50/pop, or you can cover it for $1/unit but you have to do all doors and can’t pick and choose (despite there being a beta that they announced, told me I could join, then later told me I couldn’t join bc it was too late and blamed me for not asking sooner when I literally asked right away and followed up repeatedly).
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22 January 2025 | 14 replies
( Maryland ) Small parking lot 12 cars plow and salt $450 . 2 in trigger Costs are regional for sure
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27 January 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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31 January 2025 | 5 replies
I would strongly consider building equity to make a stronger down payment and further decrease your monthly cost.
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23 February 2025 | 246 replies
The cost to do so was 50k to join.