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27 October 2024 | 15 replies
@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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27 October 2024 | 13 replies
@Renee CossRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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1 November 2024 | 30 replies
Doubles get bought immediately if they're any good and often it's with cash offers.
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27 October 2024 | 3 replies
My background as a prior military member has instilled in me a sense of discipline, strategic planning, and a keen understanding of risk management.While I’m aware that financial contributions are often key in partnerships, I’m curious about what other skills and perspectives I can bring.
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30 October 2024 | 11 replies
Depending on how many years you have own each property, maybe it is time to assess them: their individual performance, ROI, what type of tenant do each attract?
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29 October 2024 | 33 replies
In fact most new BRRRR investors prioritize whether they can receive 100% of their capital back through a refinance over all other deal metrics and being laser focused on that particular objective often leads to investing in the lowest tier neighborhood where it is easier to complete the BRRRR process.
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28 October 2024 | 9 replies
@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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28 October 2024 | 6 replies
Couple takes on this: Generically speaking, yes it often does make sense to increase your loan amount for monthly savings.
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30 October 2024 | 12 replies
This is often enough motivation for the Broker to contact you and negotiate something that makes the complaint go away.You can also sue.
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27 October 2024 | 7 replies
I’ve tried searching for people who have been neighbors to their tenant but haven’t seen anything yet.If you have experience in this I’d love to hear how you handled the relationship of tenant/neighbor.