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4 October 2024 | 12 replies
Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.
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1 October 2024 | 3 replies
Directly across the street you have Panda Express, Popeyes and a pawn shop/jewelry store must I say anymore?
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4 October 2024 | 9 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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2 October 2024 | 8 replies
Is the Clark-Fulton neighborhood a bad area to invest in?
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4 October 2024 | 3 replies
This particular neighborhood is known nationally and very prissy.
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3 October 2024 | 9 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
4 October 2024 | 26 replies
We have a few single family homes in Kansas City, in a nicer, brand new neighborhood (built 2022).
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4 October 2024 | 39 replies
Buy a crappy property in a nice neighborhood where good tenants would live.
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3 October 2024 | 14 replies
The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis.
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2 October 2024 | 7 replies
Author is Avery Carl with The Short Term Shop.