David Lewis
First Timer - Long Distance Investment?
26 January 2025 | 4 replies
@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jerry Zigounakis
Best Growing Markets To Invest In
24 January 2025 | 13 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.
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
27 January 2025 | 12 replies
@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
@Ofir R.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Anthony Kolbusz
How to get started?
21 January 2025 | 4 replies
Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
I understand that it's unrealistic to expect anyone to treat your property with the same level of care you would, but the company we hired has been a NIGHTMARE.
Mohamad Taisir Albik
Property insurace cost for duplex
20 January 2025 | 1 reply
When was it built, and how old are the major systems?
Jemini Leckie
Out of State Cash Flow
18 January 2025 | 10 replies
Most of our out of state investors in Pittsburgh find success depending on their expectations.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
As someone fascinated by the intersection of housing, technology, and fairness, I couldn’t ignore the Justice Department’s latest lawsuit against six of the largest landlords in the country. It’s not every day that ac...
Danielle B.
Out-of-State - Ohio Section 8 Housing
22 January 2025 | 21 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.