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14 October 2024 | 19 replies
However, most non-government jobs are temporary.
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15 October 2024 | 4 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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10 October 2024 | 1 reply
Yes, the GOAT John Pavlansky at Dream Huge Reality in Mansfield, OH.
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11 October 2024 | 4 replies
They love to sell you on the dream of easy money but rarely talk about the times when things don't go according to plan.
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15 October 2024 | 4 replies
Its not impossible to do it 100% remotely but when its your first out of state rental - its probably much much better to go in person for it - and then when you find an agent that you trust and has proven to be able to be up to the job and your needs, then future properties you can be more comfortable not going down to look at all the properties
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14 October 2024 | 2 replies
(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!
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14 October 2024 | 7 replies
However, lol, in this last year of the lease he asked if he could get out of lease 4 months early because of financial reasons (IE: job restricted his hours wasn't making the money he used to).
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15 October 2024 | 9 replies
He does a great job for all of my out of state investor clients.
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13 October 2024 | 0 replies
I have quite a few STR's that were decimated by flood/storm surge with Helene, and then Milton came to finish the job with wind.
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13 October 2024 | 23 replies
Great job up to this point!