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19 December 2024 | 4 replies
The absolute last thing I'd be doing is looking at other markets.
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18 December 2024 | 0 replies
Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.
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19 December 2024 | 5 replies
@Agatha Oliveira Over the last 10 years case law has been established that greatly expands the ability to redeem tax sale properties.
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16 December 2024 | 0 replies
We purchased an RV last year under our personal names that is primarily used for business travel.
18 December 2024 | 2 replies
Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.
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18 December 2024 | 25 replies
Basically every personal house we ever owned except this last one which we built from scratch.
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18 December 2024 | 12 replies
Quote from @April Smalls: I bought my property last year September.
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16 December 2024 | 8 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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19 December 2024 | 55 replies
@marco SantarelliI looked up the Norada Funding and see you are the owner of this company so that last post I made is irrelevant.
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19 December 2024 | 4 replies
I added a bedroom to my two bedroom suite due to high demand last year.