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6 November 2024 | 34 replies
jobs attract people.. people need housing.. if this is in balance then things work fine.Austin seemed to grow like crazy with all the jobs.
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7 November 2024 | 45 replies
This enabled our mother to work towards a better paying job/profession in a dignified manner.
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6 November 2024 | 9 replies
The fastest way back is getting a full time job or acquire rental properties/units/apt's since rental income can be used instantly (75% of gross - PITIA monthly payment = net rental Income asap/instantly).All other forms of full doc income receipt of the income to utilize it on a loan application like alimony (needs 3-6 months of receipt + 36 months of continuation).
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6 November 2024 | 13 replies
I did eventually get them evicted and thankfully they didnt trash my property (though they left a lot of trash that cost me $500 to get rid of but o well).The other time this happened was a tenant I moved in who had a good job at a hospital, the hospital had a program where they paid the security deposit and first months rent.
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8 November 2024 | 18 replies
It's your agent's job to play nice with others while also keeping your best interest top of mind.
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8 November 2024 | 22 replies
There is really no risk of you losing your investment as long as it is insured and you do your job as a landlord … fill the property, collect rent, maintain it.
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6 November 2024 | 54 replies
About 50% of the answers have to do with family or job.
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7 November 2024 | 12 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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6 November 2024 | 10 replies
And who knows what is in store with the jobs market.It also depends upon the election and what policies are implemented.I am hoping prices continue to drop in multifamily, and we see a pick up in activity.
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31 October 2024 | 24 replies
For more info, my family is in the middle class and are working through the typical American Dream.