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6 February 2025 | 58 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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17 February 2025 | 10 replies
It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).
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7 February 2025 | 11 replies
However my understanding is that exceptions can be made if unexpected life events happen such as job relocation, eminent domain, marriage, divorce, changes to family size, deployment, imprisonment, bankruptcy etc.
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4 February 2025 | 6 replies
This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.
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17 February 2025 | 13 replies
If that's not an option, you're looking at a minimum of 15% down for a single family investment property.If you haven't been working, you'll want to wait until you have a 2-year employment history UNLESS the job you have after college ties into what you're going to college for.
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1 February 2025 | 1 reply
I've seen plumbers and builders stop hiring because all the "young" people start the job and then don't put in any effort or stop showing up.Figure out what you want to make hourly, then start telling everyone and their brother that you need work, how many hours you are available, etc.
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25 January 2025 | 4 replies
Maybe start with some smaller jobs before going all in.
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11 February 2025 | 6 replies
If the goal is to become a full-time flipper/contractor, then doing tighter jobs can help build momentum for a business, that will pay dividends well beyond just the specific house, itself.
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30 January 2025 | 0 replies
I want to connect with more investors, wholesalers, real estate pros, anyone and everyone as I look to not only do my job better but grow my portfolio.Looking forward to networking and learning from this great community.
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28 January 2025 | 3 replies
There’s a ton of investment pouring in, job growth, and a growing demand for housing.