Robert A. Coloma
Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
They are the worst company to deal with ever.I then asked a few other real estate attorneys and their response was the same.The negative reviews shared are exactly what happened to me.In addition i have personally had over 100 loans in my lifetime.
Ezra Avery
Hello & Thank You
7 January 2025 | 5 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.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
If you can solve their problem, you can usually buy the house.When you are a new wholesaler, the best thing you can do is to get some reps calling and looking for another wholesaler in the area, before you put your own money down on it.
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
23 January 2025 | 8 replies
It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.
Paul Lucenti
Maximizing monthly cash flow per unit
26 January 2025 | 16 replies
These involve additional costs.I am not saying that there definitely is negative cash flow, but I will say not including known expenses is providing a misleading cash flow estimate.
Kedric Naylor
Newbie real estate investor here
26 January 2025 | 13 replies
Usually you all can tell me what rents are and then I like to solve backwards.
Albert Gallucci
is it too late to get rich slow at 61
20 January 2025 | 3 replies
Fewer but better properties will usually outperform more "affordable" properties.
Jonathan B.
STR Depreciation/Bonus Depreciation Question
24 January 2025 | 11 replies
Personal usage will negate the losses from the cost seg in the first year, so we suggest avoiding it.
Kyler Tarr
Knob and tube wiring
24 January 2025 | 17 replies
Usually, when I buy stuff in cleveland I do not replace any electrical wiring
Polat Caglayan
invest in detroit
8 January 2025 | 5 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.