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9 January 2025 | 44 replies
US military or civil service or other government renters are low risk, high collectibility, steady flow. 8.
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13 January 2025 | 11 replies
Rather than use credit score as a criteria, I reject for consumer accounts in collections and unpaid civil judgments.
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14 February 2025 | 161 replies
Basically, they suggest to buy a property with very little money, collect the cashflow, then refinance to pull money out of the property, buy more real estate for more cash flow and quit the W2 they hate.The first flaw is that a lot of the books written before 2020 will tell you to analyze more deals until you find one that cashflows.
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14 January 2025 | 19 replies
Avail sends this to the resident, collects rent and deposits it into our account.
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7 January 2025 | 4 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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8 January 2025 | 14 replies
Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.
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4 January 2025 | 18 replies
@Michael Darten Most property management agreements have the monthly PM fees based upon a percentage of rents collected.
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7 January 2025 | 6 replies
This is the 2ND month the same problem is happening now, we have been with Appfolio for more than 5 years and have about 60 - 80 units collecting rental income through Appfolio and we never had this issue before with the previous Appfolio team.
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8 January 2025 | 5 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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9 January 2025 | 10 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.