13 January 2025 | 41 replies
Finally, always get the credentials to access the mortgage account online and change the email notifications to your address.
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22 January 2025 | 4 replies
can you store dumpsters on site?
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26 January 2025 | 5 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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22 January 2025 | 4 replies
Here is a link that provides fantastic information on the turnkey investing option from BP.
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23 January 2025 | 5 replies
You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.
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15 January 2025 | 29 replies
I would include servicing costs of the loan and licensing costs.
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20 January 2025 | 3 replies
To pay for this, I used a heloc on my current home.
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31 January 2025 | 8 replies
Any advice on how to get out of this stagnant stuck feeling?
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21 January 2025 | 2 replies
While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.