31 December 2024 | 8 replies
Thus, my taxes should be higher because of the income I generate.If I pay off the primary, I'll increase the amount I'm able to save monthly not having the mortgage, while also keeping the income generation lower on the rental because the mortgage remains open.Any thoughts would be appreciated!

2 January 2025 | 13 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.

6 January 2025 | 13 replies
If they had not moved out, i would have brought in the best attorney available and charged the tenant for the legal costs.
3 January 2025 | 8 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

30 December 2024 | 6 replies
A colleague recently closed on a 12-unit property in San Antonio and shared that a 6.8% cap rate, combined with lower property taxes, made it a no-brainer.

28 December 2024 | 5 replies
Fannie May is a good option for a lower downpayment.

26 December 2024 | 7 replies
Most folks are charging 10% of the rental rate for monthly PM fees. 1 months rent for a leasing fee and couple hundred for a lease renewal.

18 December 2024 | 5 replies
Should I charge her a prorated amount of the original rent or the increased month-to-month rent for January?

2 January 2025 | 18 replies
That way your purchase price will be lower and your debt will be cheaper due to inflation.

31 December 2024 | 4 replies
Smaller house cost, lower loan costs.