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29 January 2025 | 23 replies
All the Best!
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3 February 2025 | 7 replies
Most, if not all are in older neighborhoods without a HOA and on the bus line.
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30 January 2025 | 2 replies
I don't think wholesaling is easy at all.
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3 February 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.
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30 January 2025 | 6 replies
Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.
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6 February 2025 | 5 replies
You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.
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6 February 2025 | 1 reply
Yes, an investor agent, an experienced rehab contractor and a very experienced private HML that is also an investor, all of which provided invaluable guidance.
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26 January 2025 | 11 replies
I always recommend to make even a little passive income from a rental after all your expenses, lets be honest you put a lot of effort into this rehab so you should reap a little return.
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26 January 2025 | 15 replies
I use all the rental cash flow to pay these loans off asap, then repeat.
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6 February 2025 | 5 replies
I wouldn't imaging the state where the entity is registered makes a big difference for most buying and selling purposes as long as you can provide all of the required documents for title purposes.