Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
26 December 2024 | 14 replies
That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.
Allen Masry
what happens to 500k
7 January 2025 | 21 replies
As long as you are in a decent area and do proper screening, you will be fine in NJ.
Jessica Cook
First Flip lending concerns
19 December 2024 | 10 replies
Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of a bank.
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
But they don’t know proper thinning and trimming.
Mark DiPietro
Anyone worked with Mario Cotto
28 December 2024 | 23 replies
Never heard of him.Make sure you perform proper due diligence.
Rae Chris
Properties, Networking, Advice,
2 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.
Thomas Farrell
BRRRR with ~400k Capital
11 January 2025 | 15 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Craig Oram
JWB experience - My thoughts, let me know yours
30 December 2024 | 24 replies
The reason for this is there is certainly a lot of heavy lifting of resources required by a property management team to bring on a new resident including rent collection, setting proper expectations, accounting and building a positive relationship in the first month.As far as the quick re-rent of your home, I was hoping that would be something in which you'd see the value of working with us.
Jeffery Jones
Section 8 properties
8 January 2025 | 11 replies
Section 8 tenants can be fantastic renters if screened properly.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
Buyer may elect to treat this Contract as canceled, in which case all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper.