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28 November 2024 | 10 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
27 November 2024 | 7 replies
However, my income is inconsistent, with last month’s earnings around $4,000, this month expected to be about $3,000, and an average of roughly $2,000 per month.
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27 November 2024 | 10 replies
Renovation is 46k and is being done now and roughly 4 weeks from being done.
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26 November 2024 | 6 replies
For context the comps are roughly the same sqft, 200sqft give or take, same beds/bath, same lot size, same year built.To help, here are my numbers.
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23 November 2024 | 2 replies
The home is in semi-rough shape... liveable (barely), but certainly not rentable.
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1 December 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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26 November 2024 | 16 replies
Just a friendly reminder, Akron has some ROUGH areas.I started off in a similar city in Ohio with C-/D areas.
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26 November 2024 | 18 replies
@Megan Alanhello. house hacking is a powerful strategy. in an ideal house hack you would:-pay roughly the same that you'd pay in rent, net to the mortgage.
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25 November 2024 | 9 replies
I am using rough numbers on the depth but around an average of 3 feet.
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28 November 2024 | 13 replies
In addition the cost is roughly the same whether you are using your cleaner or a professional management company.