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28 October 2024 | 9 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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27 October 2024 | 24 replies
Even if I had them removed, they still wouldn't have honored their word of issuing me a partial refund.So they told me to write a positive review about Justin, which I did, in order to receive a partial refund of $2k.
27 October 2024 | 10 replies
Just recognize the rate would most likely be in the double digits, especially if the portfolio loan is not in first position.
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23 October 2024 | 6 replies
You could also potentially pay yourself a salary through the company, which could create retirement plan opportunities, such as contributing to a solo 401(k) or SEP IRA.
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28 October 2024 | 7 replies
A skilled property manager can ensure a positive tenant experience by responding promptly to maintenance requests, addressing concerns, and fostering good relationships.
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28 October 2024 | 14 replies
Yes we always account for R&M, capex, vacancy, insurance, property taxes etc in our numbers.It's definitely NOT all properties that are cashflow positive, but we are still finding them.
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25 October 2024 | 4 replies
Will this optimize your tax position or legal position?
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27 October 2024 | 23 replies
Or its worse if the agent thinks they know some detail that again is not correct.. it puts you in an awkward position of arguing with the agent when the buyer is there.I had one a few months ago were the buyers were uber picky on one of my new builds I mean we go above and beyond and so they come for their walk through and start in again on I mean TINY things that no other inspector buyer would point out I mean somethings cosmetically are to industry standards and we are not painting the moa lisa..
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28 October 2024 | 40 replies
Fortunately, we are in position that we can indefinitely absorb the reduced income that our STRs are producing.Good luck
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26 October 2024 | 1 reply
As long as the investor does not expose himself to negative cash flow for long periods of time, over any 5 year and definitely 10 year period the real estate market in general should recover enough to provide a positive value change for most real properties.