With a background in finance and a dedication to personalized service, I strive to help clients navigate the complexities of the real estate market, whether it's buying, selling, or investing.I'm here to connect with fellow professionals and investors, share insights, and offer my expertise to anyone who needs help with real estate-related matters.

From my experience as an investor, I have first hand knowledge in developing scope of work, project management, contractor relations, and property management.As an investor, I am looking to continue to scale my portfolio in both multifamily and single family.

AKA this wouldn't work.Section 121 explicitly disallows the exclusion for sales to related parties if the transaction is structured to avoid taxes.

Despite this, we collected rental income and incurred related expenses.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

College rentals are relatively expensive and come with their own unique challenges:1) Roommates not getting along2) No one cleaning or maintaining the property3) Weekend party damages4) Etc...While you are considering what to invest in, recommend you also figure out the property Class you want to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

The correlation is related to supply and demand.

Feel free to reach out if you'd like to ask any questions about starting out or anything RE investment related.  

I would use the one you signed as a guide and in the space where you can add special conditions, put in the information related to the repairs, contingencies etc.....I'm not sure if you are in a market like NY that requires an atty to buy and sell, but if not then I would use the state contract and modify as necessary. 

With a background in finance and a dedication to personalized service, I strive to help clients navigate the complexities of the real estate market, whether it's buying, selling, or investing.I'm here to connect with fellow professionals and investors, share insights, and offer my expertise to anyone who needs help with real estate-related matters.