
10 February 2025 | 10 replies
Harder to qualify for cheap/free money as you collect more homes.

24 January 2025 | 13 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.

20 January 2025 | 2 replies
.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.

20 January 2025 | 4 replies
Realistically, to make the business work, they are hoping all the people who are using the "free services" to eventually go into banking where they can collect fees for anything bank related.

21 January 2025 | 4 replies
Make use of its features like online rent collection, maintenance requests, and tenant screening.Local Resources: Consider joining the Central Indiana Real Estate Investors Association (CIREIA).

24 January 2025 | 4 replies
.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

28 January 2025 | 10 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.

21 February 2025 | 102 replies
Especially now with the eviction moratoriums and less hope of being able to collect or evict tenants when you are relying on 1 family to pay the rent or not in your property.

19 January 2025 | 10 replies
They work on contingency, so it costs the plaintiff nothing unless the attorney collects from you.Take a look at: https://www.fcc.gov/document/f...

4 February 2025 | 9 replies
Are you qualified to do so right now - have the contracts, inspection criteria set, screening, payment collection in place?