Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
1 February 2025 | 9 replies
It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.
Vidit Maini
Cracks Appearing in Condo – Normal wear and tear OR Structural Concern?
23 January 2025 | 9 replies
Drywall installation and finishing is harder than most people think and whoever did that job - see the tape showing - didn't think too hard about it.
David Lewis
First Timer - Long Distance Investment?
31 January 2025 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
Could just be his way of making sure you don't ditch him as soon as he does the job.
David Young
Questions From a first time Investor
29 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Kenny Bao
Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
Their job is to keep investor capital allocated and returning, so there's only a deal if they can actually redeploy the capital into something better.As a buyer, you need to establish a lot of credibility for a deal this size.
Pawan Gupta
Has anyone worked with Mynd.co?
14 January 2025 | 2 replies
(https://www.mynd.co)One of my co-workers at my last job (pre-covid times) used to work\invest with them, so I had probably registered on their site back then.
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
14 January 2025 | 1 reply
Sure, I could look for a higher paying job, but I was wondering if anyone has any creative short-term methods to improve my ratio.