Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
This is a more advance tenant placement tactics people who lack the experience or with an innocent mind can't read others properly should do more often before they relying on their read.
Kris Lou
Canadian Investing in Indianapolis
7 January 2025 | 9 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.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
There are NO minimium balances.
Alvin Sylvain
Anybody play this game called "Tenants" on Steam?
24 December 2024 | 9 replies
Quote from @Alvin Sylvain: This could be a good idea if executed properly.
Nathan Noorlun
Recommend Property Manager in Sacramento CA
4 January 2025 | 4 replies
You certainly want to vet your property manager to ensure they are focused on balancing asset protection with tenant satisfaction.
Alex Collins
How to privately purchase a property from a buyer with a mortgage balance
29 December 2024 | 8 replies
Hello!Backstory: As some of you know based on previous post of mine I've found my first "possible" real estate deal. A co-worker of mine is selling her condo (which is not listed on the market) and is allowing me fir...
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
As the principal balance is reduced, more of the payment gets applied to the principal balance.
Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet.
Tyler Kesling
HELOC / Lease to Own
13 January 2025 | 2 replies
Use your HELOC to purchase the duplex outright for $118K.Your brother’s $50K down payment can immediately go toward reducing your HELOC balance, leaving a remaining balance of $68K.Create a formal lease-to-own agreement with your brother.
Kyle Carter
Forclosed housing informational - personal experiences
9 January 2025 | 4 replies
In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down.