
27 September 2024 | 48 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

27 September 2024 | 2 replies
Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA?

27 September 2024 | 3 replies
@Wendy JiangBe honest and say no as mold testing is typically only done when there are visual signs of mold and has never been any signs or complaints.There are many factors outside of mold that can contribute to breathing problems.I would offer that if you wish I can order a hygienist to come to teat for toxic mold - but if it’s found to be negative the costs for the testing would be at your expense.

27 September 2024 | 6 replies
When our tenants move in, we collect the first month’s rent along with a one-time, non-refundable move-in fee that’s typically a little less than half of the monthly rent (for example, $600 for a $1300 rental).

25 September 2024 | 11 replies
It's typical and recommended one tax professional handles the entire filing.
26 September 2024 | 0 replies
I'm actively purchasing multiple properties and would like to leverage hard money loans with terms typically ranging from 1.5 to 2 years.My primary focus is on securing financing that aligns with my investment goals while ensuring that the rates and terms are the most favorable.

27 September 2024 | 40 replies
Often DSCR lenders do not go through the typical compliance required by respa/TRID due to the loan being business purpose. so, it is 100% buyer beware when working with those lenders as the timelines required by TRID of any change in costs or loan amount so not apply.

26 September 2024 | 2 replies
Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that?

26 September 2024 | 1 reply
Financed Deal: Assuming 75% LTV on the purchase and a typical rehab loan structure, what returns should I aim for?

27 September 2024 | 8 replies
That's typically where you'll find a nice combination of the better school districts, sales prices, and rent prices.