
12 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

11 October 2024 | 17 replies
This typically looks like 2 weeks of work before sending our first invoice with proof of work that was completed.
12 October 2024 | 6 replies
Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead).

11 October 2024 | 7 replies
If you really want to be just an LP, than, typically the route to go is into a syndication, where you have no say, but the upside is you do your due diligence on the GP and invest.

11 October 2024 | 17 replies
More often than not, I'm speaking to someone who isn't in a rush to fund a deal so time is typically available to have a handful of calls, perhaps meet for coffee although a face-to-face is nice but not a requirement.

11 October 2024 | 12 replies
Timing is key—typically, I’d wait a few months post-storm to see where things settle, but keep an eye on local inventory levels and insurance trends.

12 October 2024 | 6 replies
We would typically not do this, but talking to a very experienced property manager friend, they agreed in fact suggested we let them out, this would be the one exception... crazy and aweful situation.3.

11 October 2024 | 2 replies
Do you all typically cut a cashier's check for security deposits and send through certified mail?
11 October 2024 | 27 replies
Typically we are only charging 0-1pt and 2k in fees.Overall the closing costs are higher for DSCR loans.

11 October 2024 | 3 replies
However, this will typically only decrease the monthly premium by a bit.