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25 September 2024 | 14 replies
Your negative is that you’re not an adult.
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21 September 2024 | 6 replies
Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.
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19 September 2024 | 3 replies
Since your goal is to build a portfolio of rental properties, you’re right to weigh both the financial and practical aspects of this decision.
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27 September 2024 | 66 replies
One guy bought a deeply cash flow negative quadplex for $1M, levered with $700K mortgage at 7%+.
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20 September 2024 | 17 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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22 September 2024 | 15 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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24 September 2024 | 49 replies
Those landlords had best take some time out to study the law.When a landlord implements standards which are designed to eliminate certain aspects of risk, such as minimum income levels and credit scores, and those standards are equally applied to all applicants it is not discrimination or illegal.
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21 September 2024 | 33 replies
Seldom on the mls do properties sell far from retail taking into account all aspects of the deal.
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21 September 2024 | 14 replies
Also, not looking for feedback about the value/necessity/negatives/ or need of doing a study.
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20 September 2024 | 2 replies
If not then other owners could have a very negative influence on your property.