Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.
Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
@Jack Cottrell You Vacancy & Maintenance percentage are aggressive and may only work for a Class A rental/tenant.If the is a Class B or C rental that will attract Class B or C tenants, you should strongly consider increasing those percentages.NOTE: we deal with a LOT of Class B & C rentals, so we replace "Vacancy" with "Vacancy/Tenant Nonperformance".
Mark S.
American Homeowner Preservation (AHP) Fund
19 January 2025 | 354 replies
Seems like “Vegas” attracts the less than honest hustlers I see it in the PML HML space you see brokers with NV address's but no NV mortgage lender license those are basically fake lenders full stop .. since its illegal to be located in Vegas and lend money with no state license at least on 1 to 4 units. could be they use NV LLC for the perceived privacy that state offers kind of like WY ?
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
Many pest companies stated this was the worse infestation they had ever seen.Despite its condition, the property presented an attractive investment opportunity due to its below-market listing price.
Dina Schmid
Misreprentation (or error?) of Lot Size, City and Zipcode on MLS
28 December 2024 | 11 replies
(They have other properties throughout the area listed as "approximate location" and not just this one, but most are listed as "location" with development name, street name or near an attraction.)
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
It makes the property more attractive to students and can justify slightly higher rent.
Levi Perl
When to lower rental listing price?
3 January 2025 | 18 replies
The purpose of marketing is to attract an in-person showing.
Julie Muse
Quick Turnaround Triumph: Bayport Drive Success in Lancaster, TX!
24 December 2024 | 2 replies
By positioning the property effectively and highlighting its strengths, we attracted motivated buyers quickly, ensuring a successful sale without the need for renovations.
An Lan
Any better suggestions?
26 December 2024 | 7 replies
These areas tend to attract more reliable, long-term tenants who are usually more financially stable and take better care of the property.
David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
Low down payment (3.5%) is attractive, but comes with mortgage insurance and might not offer the best rates.