I know 50 percent seems extreme, but considering how high things have come since 2019 with Covid demand etc, I don’t think we need an apocalyptic event to see 50 percent revenue haircuts, just a typical recession will likely do considering far we have risen. it seems like a 30 percent drop in rents will wipe away profit and anything beyond you will have to come out of pocket for assuming in interpretations correctly.if you have to go negative how long can you sustain payments?

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

As I'm relatively new to the space, any advice about Philly REI, or embarking on my first LTR would be extremely helpful.

Some broker may be ok to accept less buying commision but decline.I typically negotiate my buyer commision too but to be extremely honest, only "Asian-born" is typically acceptng less buying agent negotiation, so if they're getting 2.5% and I would get 0.5%, but I mentioned to them I don't ask them to drive me around, I only want disclosure report and I would visit property myself.The problem with very high hefty buyer agent while buyer agent almost do nothing is very real issue in bay area at least, most buyer agent is just trying to force buyer to submit their bid (and their life) with zero contingency and submit 100k above listing LOL LOLthis regulation would change these mentality for sure, the seller could be more greedy by now lol.Now because buyer agent and buyer is determined upfront and then seller would have their own metric, these thing would be interesting.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

The problem is not only that existing tenants suffer, but that local government will be pressured to pass legislation that will be extreme and engulf well run parks into spending unnecessary expense and complying with rules designed to provide residents with services they don’t want.  

Meaning, DTI, and taxable income are in play and can limit your HELOC amount also impacting the amount to qualify for and or making it extremely difficult to qualify for anything at all.- Vacancy rate factor and bottom line Schedule E income will be used to calculate the rental, no the gross DSCR lease amount.

The remodel financing itself was an unexpected but extremely welcome windfall.

Travis is a true craftsman with extreme humility and wisdom beyod his years. 

State says he hasn't.Pace Jordan Morby AZ Contracting Group LLCLICENSE NUMBER ROC 303463This information is current as of 2024-04-24 11:40:32NAME AND TITLELICENSE NO.CLASSQUALIFYING PARTYSTATUSCITY, STATE, ZIPPHONEMORE INFOAZ Contracting Group LLCPace Jordan Morby (Member)ROC 303463KB-2 Dual Residential and Small CommercialRevokedTempe, AZ, 85282(480) 239-1066More InfoFor more information on these complaints, please click here.ADDITIONAL COMPLAINT INFORMATIONTYPECOMPLAINT IDOUTCOMECLOSED DATE (IF CLOSED)Disciplined2019-04542Legal – Revoked2019-12-09Disciplined2019-00552Legal - Revocation2019-07-08Disciplined2019-01410Legal – Revoked2019-07-26Disciplined2019-01649Legal - Revocation2019-09-03Disciplined2018-05708Legal - Revocation2019-04-25Disciplined2018-21Legal - Revocation2019-04-25Disciplined2018-4172Legal - Revocation2019-04-26 I'm not going to argue because my time is extremely limited this week and too precious for things like this.