Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 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.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 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.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
Sec 8 collects data to "price fix" what they will allow.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
I am no professional here, just explaining from my experience.. first, insurance starts claim and they send adjuster out to assess, check damages, and collect documentation.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
Further, he can extend his “grace” period a further 30 days by paying us an additional $50k.So far, we’ve collected two $50,000 payments in the last i0 days plus the $36,000, or $136,000.
Ella Spann
Is a duplex the best option for our FHA loan?
26 December 2024 | 3 replies
Not only can you collect rent to go towards your mortgage, you're also building equity that can potentially be used down the road for your next home or investment.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
Rather than use credit score as a criteria, I reject for consumer accounts in collections and unpaid civil judgments.
Gabe Chase
Best Amenity to Add?
30 December 2024 | 13 replies
Hot tub is notorious for collecting bad reviews.