
28 December 2024 | 3 replies
Even though you’re not fond of DSCR loans, it might serve as a bridge to free up your line of credit for quicker flip-and-reno opportunities.I remember years ago, a close friend of mine was in a nearly identical situation.. from what I read in Forbes, he ended up with zero wiggle room each month.

30 December 2024 | 7 replies
You do a 1031 to a new, larger property with even more depreciation.

31 December 2024 | 15 replies
It’s great to hear you stuck to your plan and still came out ahead, even with a few bumps along the way.

30 December 2024 | 11 replies
Even if you don't have rent caps, it is better to do smaller increases each year before you find yourself in a situation where you are far behind and need to catch up.

30 December 2024 | 10 replies
Buyer is a newly formed LLC out of Houston, so even farther away.

26 December 2024 | 7 replies
You will get shut down likely before you hardly even get started.

27 December 2024 | 8 replies
Quote from @Dan Lucchesi: Quote from @John Underwood: Lower price and advertise in more placed.I even get an occasional booking from a perpetual free Craig's List ad.

28 December 2024 | 8 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.

27 December 2024 | 8 replies
Even with five bedrooms renting for $700 a month (you pay yourself, as well), you'll bring in $3,500 per month and the place pays for itself.

28 December 2024 | 6 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.