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27 October 2024 | 15 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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27 October 2024 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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29 October 2024 | 131 replies
I'm also a firm believer in "everything is not for everybody".
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25 October 2024 | 6 replies
I'm looking for recommendations on:- Experienced attorneys or firms that specialize in forming LLCs and trusts in Wyoming and Illinois.- Insights on the best practices for structuring these entities for optimal asset protection and tax efficiency.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!
23 October 2024 | 2 replies
Account Closed There are placement firms who provide this service.
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29 October 2024 | 19 replies
I’m helping a buyer purchase one of his STRs in Charlotte and I know he is in the process of building a STR neighborhood in Gatlinburg.
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22 October 2024 | 2 replies
The "Cooperative Fee Authorization" states "Seller authorizes Listing Firm to offer a part of listing firm's fees to selling firm.
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25 October 2024 | 18 replies
I just shared with you "What You Must Know About Cook County Eviction Process in 2023" where we detail out in writing the steps from the interview we did with the attorney whose firm is top 3 in Chicago/Cook!
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24 October 2024 | 3 replies
Closing Attorneys/law firms are another good resource for this.
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26 October 2024 | 1 reply
In 1950 a nice SFR in a good blue collar neighborhood in Detroit sold for $9500.