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1 February 2025 | 2 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.
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27 January 2025 | 8 replies
Augusta indeed offers great potential with a strong rental market driven by factors such as population growth and a stable job market.
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10 February 2025 | 9 replies
I have excellent credit and good paying job approval will not be a problem.
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5 February 2025 | 5 replies
If you wanted to earn $200k to live on at a W2 job....you'd need to earn significantly more because you'd have to pay income taxes, and payroll taxes on the income; where as taking on debt isn't taxable at all.
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11 February 2025 | 20 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
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11 February 2025 | 14 replies
You need to review your lease. tenant may be responsible for interior, but common areas and building facade should be LL.what is the current rate?
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12 February 2025 | 20 replies
This job took us about 9-10 months if I remember correctly.
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15 January 2025 | 5 replies
@Brian Dolbeare This is a "it depends" question for sure, but in most cases street parking is pretty common here.