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11 February 2025 | 18 replies
Get the right team and you will only have to worry about paying bills and collecting cash flow.
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6 February 2025 | 9 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.
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27 February 2025 | 21 replies
Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.
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26 February 2025 | 8 replies
It is not as easy as collecting docs, plugging in data, and closing.
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19 February 2025 | 23 replies
Or there can be being a GP in a syndication, where you have, effectively, no money down: source $3mm deal, commit $50k with your LPs, collect 3% acq fee ($90k) without ever funding your $50k... you pocket $40k, and have a $50k interest in the deal.
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7 February 2025 | 9 replies
Easy peasy. still haven't been able to collect on the judgment though 4 years later ;-)Personally, I wouldn't do a Sandwich Lease Option.
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9 February 2025 | 8 replies
Collect your fee when the transaction closes.5.
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28 January 2025 | 11 replies
Quote from @D'Ann Melnick: Saw this was an old question, but it came up in search - this is all part of the rent stabilization laws passed in 2024 - https://www.montgomerycountymd.gov/DHCA/Resources/Files/tena...The pet deposit cannot exceed $300 and the total amount of security deposits collected cannot exceed two month's rent.
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23 February 2025 | 80 replies
By February, the median home value dropped 20 percent, bringing the price down to $560,000.TKL found there are now nearly 8,000 homes listed for sale in the Washington, DC metro area, and almost half of them have been put on the market in the last 30 days.The tax-collecting Internal Revenue Service is preparing to fire thousands of workers next week"***************************************************************************Comment: Save The IRS - said no one, everIn the last year of our marriage my ex wife spent $150,000 on clothes.
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27 January 2025 | 0 replies
In 2023, US metros collectively grew by 2.6 percent in real GDP, contributing to 91.1 percent of the nation’s overall economic growth.