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26 December 2024 | 18 replies
When I filed a claim, my insurance company denied it because the property was under rehab and not rented.
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25 December 2024 | 12 replies
In KC I'm using the following splits: A 99k+B+ 75k - 99kB 56k - 75k B-/C+ 48k - 56k C 28k - 48kD under 28k Here is the updated guide by zip codes with the new class of B-/C+ created.
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28 December 2024 | 11 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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19 December 2024 | 50 replies
A second layer of protection is that these trusts need to be litigated in the country the trust is set up in.
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4 January 2025 | 67 replies
They use sticks under plywood to pour the next floor or in this case the roof.
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28 December 2024 | 13 replies
Looks like Paramount is under Federal investigation for having failed to make agreed payments.
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24 December 2024 | 4 replies
Bought under assessed value, slight value add through cosmetic rehab (paint, light fixtures, flooring) What was the outcome?
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26 December 2024 | 1 reply
Just read under Occupancy: https://www.benefits.va.gov/WARMS/docs/admin26/handbook/Chap...All the VA says is that you must intend to occupy the property within 60 days, and there are even exceptions to that.
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28 December 2024 | 8 replies
It under performed, but it was my first flip.
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27 December 2024 | 27 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.