Angelo Llamas
Paying for the utilities
29 January 2025 | 4 replies
In summer, the electric is higher, but the gas is lower so it pretty much evens out over the year.
Paris Scroggins
Looking for local knowledge
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.
Pawan Gupta
Has anyone worked with Mynd.co?
14 January 2025 | 2 replies
You only get a single point of contact for everything all encompassing, and unless they are 100% competent(not even proficient) you are screwed.
Steven Mendoza
Contracting a Deal - HELP
25 January 2025 | 1 reply
All the best, Steven If you're going to do a partnership or even a joint venture agreement I would highly suggest using a competent lawyer to draft your business agreement.
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
.: Thanks, Dan, but that's not helpful since it (a) involved a car, not an investment property, and (b) wasn't even used.The advice from almost every investor is to protect your investments with an LLC or umbrella insurance.
Chrissy Grimm
Recent experience with PayRange or ShinePay?
31 January 2025 | 5 replies
Update to my previous post (the update button didn't seem to do anything for me).Their customer support team was able to help me get my account back, even though the email made it seem otherwise.
Franklin Marquette
Hello from LA - Brand New and Eager to Learn
23 January 2025 | 8 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Deepak Malhotra
Fourplex in Georgetown, Texas, one of my worst deals
15 January 2025 | 8 replies
It’s a great reminder to trust your own due diligence and not let others make critical decisions for you, like hiring a property manager.For future investments, building a trusted team and maintaining direct oversight is key, even with remote deals.
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
11 January 2025 | 67 replies
Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.
Griffin Brenseke
Sell or hold an investment property (4.75% rate)
13 January 2025 | 7 replies
That’s a better cushion, even if it’s modest.