10 November 2024 | 19 replies
Investor needs to do their home work.So, @Hannah Tate, great job asking the community for help.
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8 November 2024 | 21 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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4 November 2024 | 4 replies
I have no affiliation with Ben or his company, just thought he did a great job.
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6 November 2024 | 6 replies
One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.
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12 November 2024 | 171 replies
2/3 of the units are singles/studios, so generally higher turnover, causing higher fees for clean outs and lease ups, etc, etcRecently had to get a "fire rated" door to the roof replaced from some city inspection, the first bids were $3800-$4500, but with the right contractors and a little of my own time and motivation, i got the job done for less than $1500 and 12 hours of my time, and it had 2x the fire rating than the city required.
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4 November 2024 | 12 replies
I believe I can do a good job as a Landlord once I have tenants and when I'm up and running.
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4 November 2024 | 3 replies
They do a good job.
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7 November 2024 | 51 replies
My brother in law works for them, absolutely loves his job and his employer, so very hard to be objective about deciding to invest.
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6 November 2024 | 22 replies
The job market doesn't seem like it's going to grow.
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4 November 2024 | 1 reply
As the tech sector continues to expand and bring high-paying jobs to the area, demand is likely to surge again.