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25 June 2024 | 6 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+, 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, 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.
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26 June 2024 | 8 replies
I funny story...when my wife and I put in a pool a couple of years ago we decided to get a HELOC as I can't do my own HELOC here at my mortgage company.
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26 June 2024 | 7 replies
I’m currently in a duplex that I house hack and the tenant’s rent covers my property taxes, my water and sewer bills, and almost all maintenance costs.
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26 June 2024 | 1 reply
I remember when I completed my first ground-up new construction here in Chicago - FELT AMAZING to finish.Our biggest lessons learned were around getting the water service done early on because of our harsh winters and making sure we keep our designer in check!
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25 June 2024 | 30 replies
**Basement Water Damage:** The walls in the basement are wet up to 15 inches, and it appears that water is seeping in from the ground.3.
26 June 2024 | 7 replies
If you pour a concrete slab here in Tampa, Florida, it will raise your Property Taxes because it is not "permeable" for water drainage.
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26 June 2024 | 9 replies
I also put in exclusions for the water heater and furnace so that they are responsible for those.What type of language will make the AS-IS language stick and make it very clear that they are required to maintain the heating and water systems?
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25 June 2024 | 0 replies
The estate offers 9 bedrooms, 10 full & 3 half baths, bowling alley, indoor basketball court, theater, 3 swimming pools, 3000 sf master closet, housekeepers quarters and much more.
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25 June 2024 | 6 replies
If the unit is located in an area full of single professionals who have good jobs and no kids and would be concerned about evictions on their credit you're probably better off to limit your renter pool to the top candidates.
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25 June 2024 | 6 replies
If you want to spend the money, you can split the water.