Matthew Posteraro
Conservative Scaling for House Hacking
18 January 2025 | 8 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.
Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
It will cost the seller more time and energy to sue you than collect on the EMD.
Chris Seveney
Home Payments as % of Median Income
2 January 2025 | 12 replies
Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
I should note that that I was using Baselane's banking service to collect deposit and rent, and had moved the funds immediately to my private bank after I collected (thank god!).
Torianne Baley
Letter of Intent with Loan Fee - Is this Legit
2 January 2025 | 19 replies
Going private money will already cost you more $$ in closing costs, points, etc - but they should ONLY collect $$ if the loan closes.
Kyle Carter
How to build a out of state team
7 January 2025 | 8 replies
You’ll also want to know how they handle rent collection and late payments and if they can provide references from other investors they work with.A good investor-friendly agent should have a strong network of professionals like contractors, inspectors, and lenders to help with your investments.
Destin E. Thomas
Potential Wholesale Deal in Colorado Springs, Colorado!
24 December 2024 | 10 replies
what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???
Don Konipol
COMMERCIAL Mortgage Broker Licensing Requirements by State
28 December 2024 | 16 replies
Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
Get the right team and you will only have to worry about paying bills and collecting cash flow.
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
Eviction costs surged and so landlords needed to increase rents to deal with vacancy and collection loss and increase their screening standards.Then the eviction moratorium.