Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Kate Zieverink McMinn
New to ADU - Checklist or Cheat Sheet?
17 January 2025 | 6 replies
Anyone have a cheat sheet or checklist for covering your ADU bases?
Becca Pariser
Who is responsible for back mortgage after paperwork is signed?
10 January 2025 | 3 replies
I'd look at the closing docs for something related to the pro-ration of expenses etc and see if you have anything there that could be a clause you point to for them to cover those payments.
Keith Angell
Seeking Advice on Financing Future Rental Property Projects
27 January 2025 | 11 replies
My plan is to funnel the rental incomes from all three properties, along with my W2 income, back into the HELOC while covering all expenses from it as well.
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
Also note that my company will possibly either cover closing costs if we sell or provide property management for two years if we rent.
Makani Donaldson
What is considered a good cash flow?
26 January 2025 | 16 replies
This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy.
Willie J Baxter
Any useful advice?
24 January 2025 | 3 replies
You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).
Leslie L Meneus
Is Franchising/Business Ownership "Really" Not Considered REI?
30 January 2025 | 4 replies
Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market.
Kenneth Arafat
1% Rule Questions
16 January 2025 | 2 replies
Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying?
Jorge Vazquez
Ever Had to Fight an Appraisal? Let’s Talk About It!
21 January 2025 | 1 reply
The buyer agreed to cover the cost of the new appraisal, which came in significantly above the purchase price.