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27 November 2024 | 7 replies
I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.
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29 November 2024 | 6 replies
This is to ensure that both parties are aware of the loan and to protect the lender's interest in the property.
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2 December 2024 | 14 replies
We only have 4 units on section 8 right now, but in general, the system works well for investors IF you have a solid property manager who understands the subsides and does proper tenant screening.
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6 December 2024 | 21 replies
I'm not lazy or anything but I'm tired of working jobs that don't pay enough to properly support me or my dreams.
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6 December 2024 | 45 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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29 November 2024 | 9 replies
Ensure your investment pipeline justifies the fees, and consult the custodian about rollover options to avoid unnecessary expenses if investments slow.This post does not create a CPA-Client relationship.
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27 November 2024 | 11 replies
Ensure that the savings from the new loan outweigh the costs of the prepayment penalty and any closing costs involved in the refinance.6.
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5 December 2024 | 48 replies
I actually had some solid advice for you until I saw your reply to @Kevin SobiloThe post is impossible to provide proper advice.
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27 November 2024 | 3 replies
Look for one that includes a training video to ensure you understand how to best use it.
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28 November 2024 | 4 replies
The property is a duplex with an ARV (after repair value) of $700,000, making it a strong deal.However, I want to ensure I’m not overlooking any potential red flags.