Michael Beirne
Section 8 BRRRR in Baltimore
22 January 2025 | 15 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.
Kathy Creighton-Smith
LoanBidz lending reviews
23 January 2025 | 15 replies
Frankly, I'm sure you do a good job in the space where you work.
Kemi Okosun
Introduction and New Member Alert
7 January 2025 | 11 replies
I hold a w-2 job currently and considering transitioning to holding some properties.
Jay Fayz
Best way to start in REI at 20 years old
9 January 2025 | 4 replies
Quote from @Jay Fayz: Hello everyone,I've recently been exploring real estate as a potential career path and I'm looking for advice on the best entry-level job to gain experience and knowledge.
Martti Eckert
Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
- flipping is a job, stop flipping and stop making money.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Keira Hamilton
5 Lessons Learned From Selling My Laundromat
22 January 2025 | 4 replies
It’s your job to convince them of this.Lesson 2️⃣ - When selling a business, there are a lot of time wasters.
Elan Adler
My experience buying a turnkey cash flowing (kinda) turnkey rental outside Huntsville
19 January 2025 | 18 replies
Since I work pretty hard at my day job and don’t have much renovation experience, I wanted something simple—a rental I could put a tenant in and at least break even.
Robert Zajac
Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
The BEST contractors are in high demand, so are picky about doing bids and taking on jobs.
Makan A Tabrizi
Nail/Screw Holes in Walls
22 January 2025 | 39 replies
We also do not allow the tenant to patch holes or touch up the paint, because they usually do a terrible job that takes longer and costs more to fix.