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15 February 2025 | 14 replies
@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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12 February 2025 | 8 replies
@Stan MendozaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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10 February 2025 | 7 replies
Depending on her income level, she may be able to write off a portion against her income.
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23 February 2025 | 10 replies
On here there are people who wanted to know about the program and almost no one could say it worked or not.- I found one lady online give an independent review, and as I said she was lower income, didn't say anything bad, and put the blame on herself.
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6 February 2025 | 12 replies
To maintain your standard of living, your rental income must increase faster than inflation.
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29 January 2025 | 47 replies
If IRA owns the property wouldn’t all rental income have to go directly into the IRA?
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24 February 2025 | 0 replies
Ideas such as what are Very focused certificates or training that young people can do in order to get a base income very quickly.
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24 February 2025 | 1 reply
As far as financing goes, I have now a steady income (although a small history), a FICO score over 760 (but never had a loan), and my dad who could co-sign if needed.
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24 February 2025 | 2 replies
Currently, I own a restaurant in Florida that’s generating a decent income.
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9 February 2025 | 3 replies
For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.