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2 February 2025 | 6 replies
If you don't have a US-based bank account, I would get one as that's a requirement by most lenders.
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1 February 2025 | 5 replies
Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.
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30 January 2025 | 5 replies
The market is soft now, but with the new administration, we are going to see a lot more jobs coming in.
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6 February 2025 | 2 replies
"variable income" will require a 2 year average of income/ earnings to qualify.
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21 January 2025 | 4 replies
This is required for most landlords in the city, as part of the rental property registration program.
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4 February 2025 | 11 replies
This was my seed money to start my business.Aug 2021 - My first rental property was a side by side town house that required me to put down $55K and generated $950 per month in cashflow.
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4 February 2025 | 7 replies
Follow the law and send the exact required notices.
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29 January 2025 | 2 replies
Now, some states require an attorney to review contracts.
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30 January 2025 | 7 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.