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20 August 2024 | 32 replies
Hi Zane,I live and invest in Alabama, but the answer to your question depends on your strategy:Are you looking for turnkey or distressed / rehab properties, do you plan to self-manage or use a property manager, what class neighborhood, are you buying cash or how much will you put down, are you willing to look at cities just outside of Huntsville?
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21 August 2024 | 7 replies
Remodeling and repairing during the night and hunting for deals while I was in class.
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20 August 2024 | 10 replies
@Gabriel Miritello for vacancy, it really should be called Vacancy + Tenant Nonperformance.Will depend on the property Class.Class A you can usually get away with 5% vacancy, as nonperformance is basically zero.Class B we recommend using 10%Class C we recommend using 20%Class D we try to stay away from
19 August 2024 | 6 replies
. - The 3rd lender, on the right, with the best rate, requires that one borrower/sponsor be experienced in the asset class, and that they personally live local to the property. - 1 regional lender (Pima + 1 other county), 1 state-wide lender (AZ), and 1 national lender, not in that order, is represented here.
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21 August 2024 | 17 replies
Simultaneously, I have sat in Ron's gotcha class.
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15 August 2024 | 13 replies
MY QUESTION...What have you found to be the best Course or Class to start learning (specifically) how to Flip Houses?
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19 August 2024 | 3 replies
@Joe K.I do not know the details of your specific situation (amounts owed, class of property, etc.), but, in my experience, it is a waste of time.
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21 August 2024 | 94 replies
Next time you go to school, make sure you tell your HS teacher or college professor that you can learn everything they can teach you from a book and that what they're teaching is not worth the price of the class.
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19 August 2024 | 6 replies
Nothing I've read in the state Landlord-Tenant Law says anything about it as a protected class, and I know the governor recently (2023) signed into law allowing landlords to not accept it.
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21 August 2024 | 27 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+, 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, 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.