
19 September 2024 | 13 replies
", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.

23 September 2024 | 81 replies
If it's not adjusted correctly there won't be enough water to flush everything down.

23 September 2024 | 13 replies
As long as you price it correctly, people will see the house condition matches the listing photos (professionally done), they will take the property as soon as they see it.

21 September 2024 | 1 reply
Asking in the correct forum will get a better response.Need a spreadsheet or form?

18 September 2024 | 6 replies
The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors, fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

21 September 2024 | 7 replies
DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)

19 September 2024 | 14 replies
First off, make sure you are communicating appropriately with the tenant.

19 September 2024 | 8 replies
I only work with folks if they communicate.

21 September 2024 | 9 replies
Tile is okay, but costs more because of the time it takes to install it correctly.

21 September 2024 | 19 replies
.- A hot tub that isn't wired correctly because you hired the housekeeper's husband to do it for you for 50 bucks.- The shiny new barbeque grill that you had the housekeepers place on the wood deck next to the railings.- That quirky, and warm, light switch that you didn't notice because you haven't been to the property in a year.- The shower that you noticed is awfully hot but failed to check into it more before you left.And so on.