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11 January 2025 | 67 replies
Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.
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11 January 2025 | 3 replies
This year will likely be even worse.
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15 January 2025 | 15 replies
Can tenants actually appeal a 7-day move-out court order even after waiving their right to appeal?
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
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22 January 2025 | 15 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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15 January 2025 | 7 replies
Rents have been pretty close to what the housing authorities advertise, sometimes even a bit higher.Fort Wayne’s a solid spot with low taxes and good cash flow—definitely worth looking into.
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13 January 2025 | 16 replies
There are almost no exceptions to this, so it's not even worth considering.
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13 January 2025 | 11 replies
Then it's even cheaper.
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20 January 2025 | 15 replies
I wouldn't even waste money on it. my friend has had astroblaster since it started early 23' and in the hole with no success yet.
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18 January 2025 | 19 replies
If you already have low respect due to a pre-determined mindset, it's hard to approach the community with an even or reasonable keel.