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17 September 2024 | 38 replies
I would think that with an eviction or even the start of an eviction process that would severely negatively impact her ability to get a new lease.
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13 September 2024 | 7 replies
It took about 6 months of which I did the majority of the work but I was able to turn it into a 3bed 2bath house and sold it for $140,000.00 and a nice $50,000.00 profit.Now I was hooked on distressed properties but had decided I didn't much like the selling aspect of it.
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13 September 2024 | 10 replies
Its complicated and if you violate any of the IRS guidelines it will negate the 1031.
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11 September 2024 | 8 replies
@Sharon Patterson, any rehab is a "project" and basic project management principles state that there are 3 key interrelated aspects to all projects: time, scope, and cost.
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12 September 2024 | 8 replies
I'd think if you had a cleaner come in to handle that aspect and then used an app to manage the leases and things you'd be in pretty good shape.
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18 September 2024 | 35 replies
i don't think that's the case right now.I think turnkey is a good option if you have significant liquid capital, want to buy in a solid market in a solid area, couldn't care less about cash flow for 10+ years and are even willing to be negative, and are willing to pay for repairs and capex without batting an eye.
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11 September 2024 | 8 replies
Also, many properties are still occupied which is another huge negative.
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14 September 2024 | 12 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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16 September 2024 | 35 replies
hey Joe, happy new year :) He is mostly into multifamily rental properties, so he focuses more into that but also covers other aspects of real estate.
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11 September 2024 | 1 reply
Are there specific aspects that are unique to rental properties?