
16 December 2024 | 23 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.

15 December 2024 | 6 replies
Here are title cost numbers from my last deal in Lake Oswego ($625k sales price):Title agent fee: $1100Owner's title policy: $1425Recording fee: $350MERS: $25There may be transfer taxes depending on what county the property is in, as well.Chris

15 December 2024 | 9 replies
STR regulations have been a VERY hot topic here for the last year (and even beforehand).

16 December 2024 | 21 replies
I do it about once a quarter but last year I only went over 3 times all year.Getting a good cleaner is the key.

16 December 2024 | 2 replies
I think the most interesting trend I've seen in the last 25 years has been the rise of good realtors like yourself who understand the power of the 1031.

17 December 2024 | 36 replies
(Land and construction cost, expected sale price, etc.)My last development in Chicago looked like this:Land = $300kConstruction Cost $650kHolding Cost/Closing Cost/etc. $50kProfit roughly $100kThat project was in Bucktown on the nw side of Chicago.

18 December 2024 | 9 replies
Additionally we keep the total security deposit until ALL the tenants move out, so the leaving party won't get their security deposit back until the last party leaves.

19 December 2024 | 82 replies
I had to move twice already in the last 3 years, so when I move again, I want it to be in their forever home.I actually am already financially free.

15 December 2024 | 7 replies
The property will last forever, but if rates go down, you can always refinance later.