Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Look, I have no idea who Eric is, what type of person he is but I will say after a quick search I saw that he did in fact sell his company for MAJOR $$$ and that he is active in Section 8, no idea if his course is good or garbage but still felt the urge to respond because I am so tired of hearing SCAMMER, find it online to EVERY SINGLE post asking about any course. anyone who actually sells their business and nets 110 mil is NOT going to dive into Section 8 or any real estate for that matter other than fine personal residences etc.. they retire and spend it.. so I dont think so.Plus section 8 is simply not complicated its run by the Sec 8 folks in each city.. nothing magical about that.. its a tough way to go being a section 8 landlord lots of drama.
Dan Attivissimo
Aspiring new investor
28 December 2024 | 11 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.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
.- It's very difficult to argue about travel being a business expense if you're just going to look at properties, I would argue against it in a majority of cases.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.
Kristi Kandel
Resources to Help LA Communities & Families Rebuild After Wildfires
13 January 2025 | 4 replies
Having developed a majority of my career in CA the regulations and red tape for construction and development are intense.
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
The vast majority of people will not have these accounts, and the % that comes with them.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
Meaning, a Class C Neighborhood will have majority of Class C properties, but there will still be some Class B and some Class D.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
We did major renovations and repairs on both units for about 40k total and were able to get rents up to $1250.
Bear Geiger
Purchasing Off-Market Property: How Can We Effectively Capture Their Attention?
28 December 2024 | 1 reply
Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
I find the vast majority of my stays are families that love the games and 30-40% of the time they bring their pet as well.