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20 August 2024 | 21 replies
Collecting rent?
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19 August 2024 | 15 replies
So, the bank collecting the payment may not be the actual holder of the debt any longer. 3.
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22 August 2024 | 31 replies
You're asking somebody lend you a lot of money, collect 1% interest on it and get 10% of any upside but take 100% of any downside.
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21 August 2024 | 28 replies
So back to my last example:Joe buyer offers $100,000 and his agent collects a $3000 commission netting HUD $97000I offer $97005 and place $0 in the commission.
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17 August 2024 | 9 replies
You may need something from a property management/rent collection standpoint to complement QBO.
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20 August 2024 | 11 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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16 August 2024 | 2 replies
I've done extensive research on the topic and have the resources to execute, I am looking for advice from someone who has done this before and can assist with the correct steps.
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19 August 2024 | 9 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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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19 August 2024 | 4 replies
Many lenders will require a 12 month lease to be in place along with the security deposit and first month rent collected.
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23 August 2024 | 181 replies
So true compliance is hard and expensive to achieve.Staying under the radar per collective thinking (not via statute or solid facts more like guessing) is; rent many phone numbers ($1/mo per number), send only 150(ish) SMS pre phone number per day.