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23 October 2024 | 13 replies
@Kala SamuelTo start investing in real estate, define your goals and strategy, choose a market with job growth, population growth, and rental demand, finance your first deal with FHA Loan, conventional Loan, or Hard Money Loans, find the right property, build a support team, make offers, inspect the property thoroughly, and manage wisely.
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24 October 2024 | 13 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.
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16 October 2024 | 1 reply
I've been researching companies that have a business plan around crowdfunding, such as Fundrise, Realtymogul, and Arrived. Are there listings easy to recreate? I know there is a lot of regulation surrounding their lis...
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21 October 2024 | 28 replies
Go do the job yourself, go find a market and find a house.
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17 October 2024 | 9 replies
I have had this job for 3 years.
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21 October 2024 | 10 replies
It has been a dream of ours to own rental properties.
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22 October 2024 | 8 replies
It is the intention to live there, but if something comes up i.e. neighborhood troubles, job placement, additional family member, etc. then there isn't an issue.
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26 October 2024 | 50 replies
Depreciation, the tax write off from my then high paying job had value.Over time, rents increased and property value went up.