
7 October 2024 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

7 October 2024 | 34 replies
You already covered this, but I would avoid investing here in CA because of the terrible landlord laws.

6 October 2024 | 8 replies
For anyone that hasn't used Doorvest, it's a simple website where you put a $1000 deposit and they send you curated list of houses they buy that need renovation, renovate, and then tell you a final purchase price along with guaranteeing things such as first year rent will be 100% covered by them even if they don't find tenants.

5 October 2024 | 9 replies
Personally, I have a stable long term W2 job which can cover my family’s expenses.

7 October 2024 | 3 replies
The plan is to live in part of the home and rent out the other rooms to cover the mortgage and generate some income.

8 October 2024 | 14 replies
I've hired cleaners in house & covered for some local owners for a couple of months while they were out of town, and it's not very straightforward.

6 October 2024 | 15 replies
They were charging another homes repairs to my home and wasn’t caught until I threatened legal action.I reached out to the new person who was managing my property to inquire about a lease renewal for my tenants and make it clear I needed to increase the rent to cover expense increases on the house.

6 October 2024 | 14 replies
I got caught in the storm last night but it looks like just off and on rain - should be OK most of the time and plenty of cover at the resort when the rain hits

8 October 2024 | 36 replies
I would rather own 6 to 10 high quality appreciating properties than 20 to 30 lower priced rentals (e.g. replacing all those roofs, HVAC, all the tenants, turnover and property management fees).

3 October 2024 | 15 replies
If you are buying a house of any kind with mechanicals and roofs, you need reserves.