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11 September 2024 | 22 replies
As rental rates progressively outpace expenses over time, the growth in cash flow can provide a reliable income stream.In line with my investment approach, I focus on these three key metrics when conducting property analyses:Initial Equity at the End of Year One:This equity can result from either a down payment or improvements made during a rehab phase.
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11 September 2024 | 7 replies
'Ther are three things to be aware of1) The rules and laws and how they might affect your profitabiity (including hidden costs)2) Exactly what are you bidding on..
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10 September 2024 | 11 replies
The original tenant is charged for all expenses during the vacancy, whether it's six days or three months.
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12 September 2024 | 27 replies
Try interviewing at least three managers.1.
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11 September 2024 | 13 replies
But, It’s truly is one of the three reasons I use a PM for the rest 1) I don’t want to screen, I don’t really like meeting new people.2) I want to stay legal in my screening, notices, demands, etc etc3) They raise rents more and faster than I would and collect more in late fees.They literally pay for themselves with increased rent/fees and I get the legal and people screening for free.
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10 September 2024 | 28 replies
Fortunately there was an overage of funds from the bid up at the sale that was sufficient to satisfy the DPW lien.
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10 September 2024 | 3 replies
Personally, if prevailing rates are 6% and you are buying at a 5% going in cap-rate, even if you buy your 6% down to 4.5% for the next three years, you are still in negative leverage.3.
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16 September 2024 | 43 replies
Three have another year before the loan is due and they are still hoping to refi.
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11 September 2024 | 69 replies
I've got to go take care of some HUD tenants James, sorry I didn't answer the question to your satisfaction, I can imagine that must be frustrating for you to think that I have to do something to the level in which you require in order to be sufficient.
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9 September 2024 | 4 replies
The tenant has not met the requirements of withholding rent.If the tenant claims they have moved out, ask them to state that in writing (email or text is sufficient) so you can enter, remove their belongings, and take possession.