Jessica Medvec
Is “cash only” really cash?
29 December 2024 | 9 replies
They may not be able to use financing contingencies and may have to show proof of funds equal to the acquisition price but the money that hits the sellers bank account is the same whether its "cash" or a financed transaction.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
I manage my own properties as do my clients; with the electronic resources for screening, rent collection, more - the ROI is greatly improved and you retain control of the property.Hope this helps.
Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
Umbrella if your networth is over $500k.If you’re not worth anything you’re “judgement proof” and don’t need anything.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 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 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 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.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
However, in any civil judgement, collecting is a different story.
Troy Parker
Renting your first rental to a friend
15 January 2025 | 10 replies
Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).
Matthew Posteraro
Conservative Scaling for House Hacking
15 January 2025 | 6 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.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
8 January 2025 | 146 replies
@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.
Destin E. Thomas
Potential Wholesale Deal in Colorado Springs, Colorado!
24 December 2024 | 10 replies
what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???