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10 June 2024 | 18 replies
@Nathan GesnerThanks for the great networking tips!
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7 June 2024 | 8 replies
Wow, thanks for all the amazing tips, especially for Judy Martinez's professional advice and detailed roadmap!!!
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6 June 2024 | 8 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+, 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, 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.
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7 June 2024 | 4 replies
Matt Faircloth gave me tips on raising capital and my business website that was priceless.
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7 June 2024 | 2 replies
Any tips on managing the property efficiently, especially considering my limited time and technical skills?
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7 June 2024 | 14 replies
Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't.
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7 June 2024 | 9 replies
Books like "Rich Dad Poor Dad" and "The Millionaire Real Estate Investor" can give good tips.
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7 June 2024 | 11 replies
Any tips on starting off, or books that helped you in the beginning of your journey would be amazing!