
6 May 2024 | 23 replies
Our experience is not very different from that of many that we have read in BP, in our case ABC sold me and my wife, two properties in Baltimore, as we live in LATAM and we are foreign investors, the negotiation was made by ABC Capital Miami.In the case of my property, ABC offered "rental guarantee for one year" (February 21, 2020-2021), ABC collected 11 months of rent paid by the tenant and corresponding to the months of March to November 2020, March and April 2021 and DID NOT PAY ANYTHING.In the case of my wife's property, ABC says that it was abandoned by the tenant, it is not known for sure when and they notified us 5 or 6 months later.

10 May 2024 | 116 replies
Cap =NOI/Market value 20%=$100,000/$500,000 Seriously Joshua, wouldn't the market bid up the market value if the $100,000 was reliably collectable in todays economy?

6 May 2024 | 6 replies
In other words, if the yield is X%, it can be calculated using the formula: number of years to collect = 100 ÷ X.

7 May 2024 | 56 replies
Thanks so much for sharing your collective wisdom on this topic...Karen
5 May 2024 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

8 May 2024 | 50 replies
Lets say you are waiting to get that cash flow flip in 5 years; a new roof, HVAC, routine upgrades and the other stuff I mentioned can leave you in the whole another 5 years once it collectively adds up.

8 May 2024 | 112 replies
Nah man, as a fellow toledo investor unfortunately accepting a lowball offer instead of holding it and collecting cashflow in the long run is on u.

4 May 2024 | 0 replies
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4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

4 May 2024 | 5 replies
@Bruce Woodruff there used to be a TV show where they showed how they forcibly repossess these commercial properties, collect on judgement debts, etc all over in England.