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24 February 2024 | 4 replies
Hi Ricardo,All I am asking is for property management recommendations for my 1 bedroom condo in Tulum with rooftop terrace and private plunge pool.
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24 February 2024 | 30 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+, 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, 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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24 February 2024 | 27 replies
If money is an issue for getting more properties, then find partners, or the seller finance thing, or start a pool for the down payment and go thru asset based lenders (that's my next play)...Having said that, as of Dec 1, I'll be managing my own STR since I'm firing my property manager.
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23 February 2024 | 11 replies
We’re under contract on a pool home in Florida.
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24 February 2024 | 7 replies
Also recognize that if there are more defaults in the association, again your buyer pool will be very low as investors typically do not like condos and most owner occupied borrowers do not have cash.IF I was buying that many units I would also have a third party engineering study done or ask the HOA when the last one was done.
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27 February 2024 | 2053 replies
What if instead refinanced out all 100,000 and put it in my bank or built a pool or car or something?
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23 February 2024 | 5 replies
Hey @Rick Pozos, We've done deals in small towns with less than 10,000 people, but it would have to be an amazing deal because your pool of buyers is so small.
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22 February 2024 | 0 replies
A business partner and I pooled out money to purchase this home in cash (not hard money) from a wholesaler.
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21 February 2024 | 14 replies
For all of them... what are the age of the systems (roof, a/c, pool equipment, water heater etc.
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21 February 2024 | 14 replies
It's not a deck, it's not a pool - I don't see the need to do anything