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10 January 2025 | 17 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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29 January 2025 | 25 replies
However, i've never really seen the logic in taking those paths when you can just take the safe and slow approach.
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18 January 2025 | 19 replies
If you already have low respect due to a pre-determined mindset, it's hard to approach the community with an even or reasonable keel.
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9 January 2025 | 12 replies
We take a "whole person" approach.
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7 January 2025 | 20 replies
Additionally, it feels the most appropriate approach for both profiles I described above and allows me to focus on learning one strategy.
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2 February 2025 | 20 replies
Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.
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7 January 2025 | 3 replies
A friend of mine in Austin once negotiated a partial buy back option when the seller realized they might want back in if the market soared.. from what I read in Bloomberg, that approach can work well if both sides trust each other.If the tenants’ rent covers your carrying costs, that’s a nice cushion, but you still need to clarify that buy back clause.
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5 February 2025 | 54 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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2933742/small_1713470691-avatar-arshiyataami.jpg?twic=v1/output=image&v=2)
14 January 2025 | 15 replies
Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.
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14 January 2025 | 18 replies
Could you provide more details on how to get started with this approach?