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28 November 2024 | 10 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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25 November 2024 | 12 replies
I got opposing opinions on below and wanted to get what others know (or do) on the subject.
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21 November 2024 | 4 replies
Looking at online real estate licensing courses, anything out there with continued education options that does a good job of covering creative financing?
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28 November 2024 | 8 replies
The one you can scale.I know successful business owners in the fitness industry, tanning salons, real estate, window coverings, maintenance, billboard, ATMs, etc.Generally, I would be skeptical of jumping into a business based on YouTube videos hosted by and featuring people that are likely primarily trying to sell you their respective courses.Small businesses can indeed be great investments, but they are hard.
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27 November 2024 | 11 replies
This is very well worded, and I believe covers most new investors' concerns and questions.
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5 December 2024 | 34 replies
So, even without investing in an expensive system of batteries at home you can cover your bases and get MULTIPLE types of uses out of the battery systems you do buy.
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1 December 2024 | 10 replies
One more I can add is the note investor who thought that holding the note gave him the right to determine how the subject property was managed, with approval of tenants, leases, and maintenance contracts.
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27 November 2024 | 16 replies
So you are negative $600 a month on the first one, you will need to have the personal income to cover it and then still buy the next one.A couple of thoughts:1.
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26 November 2024 | 8 replies
The payments from the mortgage would cover a loan of this size as 12% interest.
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25 November 2024 | 1 reply
Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.