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Results (10,000+)
Srinivas Bondada New Member Help
25 September 2024 | 13 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.
Matthew Samson Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
I did get one and it has properly organized my books and it sped up the tax preparation process.
Brendon Wise Am I spending way too much on my CPA?
23 September 2024 | 3 replies
According to them, they are the only company that knows how to properly do business taxes. :)
Irina Badal Home equity loan vs cash for down payment
24 September 2024 | 4 replies
Did I properly estimate the cash not only to buy the property but also the six month reserve funds that some lenders are requiring for non owner occupied units?
Nir Berko Renovating a Property for Section 8 Tenancy
23 September 2024 | 10 replies
RENO properly  I have posted on this and Instagra, /tik tok videos as well.
Melissa Lapinski Owner of Record; Parcel ID?
24 September 2024 | 22 replies
Leave your card and ask them to give it to the owners if they talk to them.
Adi Prasad Seller Financing Advice
24 September 2024 | 8 replies
Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)
Mateusz Skiba Property management company in Dekalb IL
23 September 2024 | 1 reply
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Cathy Li Airbnb Property Mgt Companies in San Antonio - Texas
23 September 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Justin Melton Getting longer stays
24 September 2024 | 7 replies
Like a coffee gift card, snack basket, etc.