
15 March 2024 | 31 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+, 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, 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.
14 March 2024 | 2 replies
In this case, your price per square foot would be $167, and you could estimate the value of each property using this formula.You can then make adjustments up and down, such as if you have a pool in the primary, or if one house has no garage, or sit on a relatively bigger lot . . .

15 March 2024 | 4 replies
She mentioned that the location of the lot (on the water, etc.) was most important for her.Best luck!

14 March 2024 | 8 replies
Rental properties have the potential to produce passive income over time with prudent planning and management.Syndications or Partnerships: To pool resources and participate in larger buildings or projects, think about joining real estate syndications or forming partnerships with other investors.
15 March 2024 | 10 replies
We focus on building multifamily and taking on house hacking projects.Phoenix has a water shortage so recently changed some laws to make guest houses or additional units more acceptable.The bottom line is, once you decide what area and what type of main house you want, go search for a good deal and then add a little value for higher rents.

14 March 2024 | 13 replies
I just say that because a lot of newbies bring me deals where they are laser-focused on the fact that they have someone who seems to be a real seller at a decent price, but they aren't thinking of who the buyer would be, and if that area even achieves decent rents and has a decent pool of tenants.

14 March 2024 | 13 replies
By partnering with other investors, you can leverage their knowledge, resources, and experiences to help you achieve your financial goals more efficiently.Here are a few potential benefits of partnering with others:Increased Capital: Partnering allows you to pool financial resources, giving you a stronger position to pursue larger investments and potentially increase your positive cash flow.Shared Expertise: Collaborating with experienced investors who have achieved similar goals can provide valuable guidance and insights.

14 March 2024 | 2 replies
they use for total utilities, or broken down by water, electricity, heat if unknown for multifamilies?

14 March 2024 | 3 replies
Virtually all basements are going to have water concerns, whether from high water table, moisture attempting to move from soil to concrete/concrete block to air, actual infiltration from walls, etc.

15 March 2024 | 37 replies
I told them that i did not want anything with a water line or ice maker.