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7 February 2025 | 12 replies
We've all probably felt a little pain this year with rents and longer vacancies due to all the inventory coming online, something like 50,000 units in 2024...so plenty of vacancy and free rent while those get leased up.
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6 February 2025 | 18 replies
Even if they don't realize how much money you're costing them now, someone will tell them eventually and I don't think your canned wholesaling response is going to do much to repair the damage.
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2 February 2025 | 6 replies
Obviously it will cost money, get some quotes.
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26 January 2025 | 51 replies
I second the proposal to get @Brian Burke's book The Hands-Off Investor.
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5 February 2025 | 7 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.
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7 February 2025 | 22 replies
Some are owned by my ROTH IRA and are making tax free cashflow.
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20 January 2025 | 12 replies
If you have an questions, feel free to reach out, or if you're in the area, let's grab a coffee!
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29 January 2025 | 6 replies
3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)
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4 February 2025 | 3 replies
Which ok, I get it, ACH cost money, BUT, RentRedi does not give the landlord the option to pay that.
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23 January 2025 | 5 replies
But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.