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3 October 2024 | 2 replies
I'm also working on ways to separate myself from the majority of these wholesalers that are independent and not offering the best deals.
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3 October 2024 | 0 replies
Are you finding it to be a major concern for buyers, or do they seem willing to overlook it in certain areas?
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6 October 2024 | 26 replies
I know Kilington and Stowe are strong but I thought being a little closer to major metros might help and the info I'm finding seems to support.
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3 October 2024 | 14 replies
Quote from @Rafael Ramos: The vast majority of investors with real estate "empires" use property managers.
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3 October 2024 | 1 reply
I very well understand that the majority of people can't imagine this, but for instance during Covid many people I knew disagreed with the forced vaccines and such but were too scared to stand up for themselves.
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4 October 2024 | 9 replies
I've overseen major construction projects and remodels but I would not be doing that in this case since I'd be out of state.
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2 October 2024 | 6 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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6 October 2024 | 33 replies
This thing has major reno needed including fire damage mitigation.
3 October 2024 | 1 reply
Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake.
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2 October 2024 | 71 replies
I've done major rehabs, owner financing, private money, partners, out-of-state investing, and Airbnb but still prefer the good ole long-term buy and hold.