
7 October 2024 | 9 replies
Because I did a good/great job adding value he is no longer happy.

9 October 2024 | 9 replies
With REPS, if you hit 750 hours and spend more time on real estate than any other job, those paper losses can offset regular income, which could mean huge savings.

8 October 2024 | 15 replies
I have three sets of cleaners and they get the offer to accept the job in order of my preference.

8 October 2024 | 10 replies
I've done it the traditional way of using my credentials; credit, job/salary, personal info. to getting a FHA loan.

7 October 2024 | 4 replies
Consistent rent growth can signal strong demand.Job Market & Population Growth: Rental demand often follows job and population growth.

7 October 2024 | 2 replies
Here are a few challenges I see going forward:1) Insurance rates: It has become a part time job to hunt for insurance.

8 October 2024 | 4 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.

9 October 2024 | 23 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.

2 October 2024 | 5 replies
I’m a very busy person with a lot of businesses and tasks that need to be done.

7 October 2024 | 20 replies
Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.