Michael Beirne
Section 8 BRRRR in Baltimore
11 January 2025 | 13 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.
Sarah En
First-Time Landlord Seeking Advice on Rodent Prevention and Repairs
3 January 2025 | 3 replies
The best defense against rats entering your property is to seal off all entry points (holes, cracks in walls), remove food sources (dirty dishes, food left in trash cans), and water sources (like leaks).
Kyle Jenson
New Dentist looking to create a retirement plan for myself thru real estate
2 January 2025 | 14 replies
If I have highly leveraged properties, as long as they cash flow, the bank takes the risk with me.
Jermaine Washington
Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
They'll typically leave behind mattresses, couches, broken furniture, rotten food, etc.
Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 5 replies
THEY ARE STEALING FROM YOU (remember your remark about him not even getting a fast food/entry level job?
Justin Snead
Becoming a Real Estate Agent Best Advice.
14 January 2025 | 5 replies
-Just some food for thought
Ernest Ho
Emotional Support Animal / Service Animal
16 January 2025 | 16 replies
The flyer you linked is about food safety rules by the Department of Agriculture and states they only allow true service animals in food establishments.
Eric Maxwell
1st time home buyer FHA live in flip
7 January 2025 | 0 replies
My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.
Marc Robinson
Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies
I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park ...