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6 November 2024 | 6 replies
For me the best-case scenario would be to pay him some cash to assign the deal, and then you take it over 100%.If you have no cash, then it becomes a question of who has the greatest position of strength.
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12 November 2024 | 17 replies
Pursue STR and Aim to Be Top-Performing:If the STR market in Lynchburg is competitive, it’s possible to generate higher returns if you can position your property as a premium option.
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5 November 2024 | 5 replies
I am in a position I am not exactly sure of the best strategy to take.
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7 November 2024 | 7 replies
If you have one abuser, it won't affect everyone else systems.One thing not mentioned that could possible be a concern is were they are placed. ie. are they all positioned well for inspection and/or replacement if need be?
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7 November 2024 | 27 replies
This implies likely over 8 years to have positive cash flow.
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4 November 2024 | 17 replies
The person, not company, you hire for SEO, or any internet marketing program, needs to understand your business operation, geographical area, target market, marketing position, competition md any other relevant information in order to design a program that will work.
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9 November 2024 | 17 replies
Like you said, put the proper protections in place but know that you can still lose your money - unless you are in first position.
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7 November 2024 | 12 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
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8 November 2024 | 14 replies
@Jhamari HoganCleveland has solid deals that are cashflow positive.
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5 November 2024 | 5 replies
I have a term sheet from Matt and did think it was slightly high but they are only online lender that I've heard anything positive about.