
2 December 2024 | 35 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.

29 November 2024 | 27 replies
Those losses can be substantial, by the way within an HVAC system-Again I doubt these technologies would hold up under scrutiny within a court of law because all it takes is one person with even a basic grasp of principles of engineering and you’d find an easy 10+% delta in these systems’ measuring abilities.

28 November 2024 | 0 replies
🧐Finally under contract on your dream home, yes!

29 November 2024 | 3 replies
In my research I've found that there are a handful of developers who are spending big money to renovate and rehab the downtown area and that the Scranton School Board is under new leadership, allowing the district to finally exit from its "financial recovery" phase.

29 November 2024 | 7 replies
It would be a shame if the offending neighbors got woken up at night by loud music coming from speakers held under their floor.

29 November 2024 | 2 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

29 November 2024 | 6 replies
Is this house under your name or joint?

27 November 2024 | 48 replies
Roofstock is nothing more than a layer on top of the MLS that provides more information for investors.
26 November 2024 | 5 replies
I'm surprised they were able to do a 1031 under this structure.

26 November 2024 | 35 replies
However, the loan would need to be under my name, as they won’t allow LLCs.I’ve received advice from others who feel comfortable with this arrangement as long as they have high insurance coverage limits, which the lender also recommended.