Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 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.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
I suspect if someone contests could be longer.I also think once you go to mediation this will get worked out pretty quick mediators if you get a good one do a nice job putting these deals together..
Anthony DiSanzo
-- Out of State investing -- Locations
17 December 2024 | 8 replies
It’s got a steady job market, especially with major companies like FedEx, Amazon, and international logistics hubs around here.
Jeffery Jones
Section 8 properties
8 January 2025 | 11 replies
They will do a slap dash job on a house that still has a bad roof and foundation in a neighborhood that will see zero appreciation.
Jared Leggett
A bit of a Dilemma
18 December 2024 | 29 replies
Ive already started looking further out to do BRRR/Flips as this is one of those jobs I cannot really afford to lose, having it will help me a lot in the long run.
Derek Farmer
Fix and Flip plan
10 January 2025 | 18 replies
Get a stable income, job and start with going the simple route.
Kent Fang ching
Guidance on OOS markets to get into
24 December 2024 | 44 replies
The city is rapidly growing in terms of population and job market with so many major companies choosing to move and develop here like Intel, Google, Amazon, etc.
Leeling Chew
Lease ended. Tenant stays for two more weeks. How much rent to charge?
18 December 2024 | 5 replies
She informed me on December 1st that she was expecting a job offer requiring a January move-out, which she received on December 12th.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
It doesn't sound like that has happened here because you keep saying you want to transfer it etc...essentially you want to give them the property, because right now today they do not own it and have not completed AP...you're doing their job for them.