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12 January 2025 | 6 replies
Even if you make all of your payments on time there are times when something happens by accident or a collection pops-up and drops the credit scores.
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20 January 2025 | 22 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.
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18 January 2025 | 15 replies
They do not collect payments, but when you sell your home they will get some of your equity appreciation.
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8 January 2025 | 10 replies
If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.
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6 January 2025 | 12 replies
Are they still collecting rent and taking money that way, or are they billing you?
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14 January 2025 | 15 replies
They can only collect the admin fee which is roughly $150/yr.
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9 January 2025 | 9 replies
Look into Baselane it’s designed specifically for real estate investors, You get automated rent collection, expense tracking, it makes it easier to manage properties, stay organized, and keep up with your finances.
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27 January 2025 | 10 replies
If not I would suggest finding a servicer to collect and manage that note.
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11 February 2025 | 167 replies
I got my first BTC back when you could go on one of the many faucets and collect 0.5btc/1btc a day.
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13 January 2025 | 9 replies
.- Ask attorney how you can enforce collecting on the lien when you need to.3) Getting full control of the property, while allowing your aunt to keep her ownership.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!