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9 January 2025 | 9 replies
If you are still a majority or controlling partner you will get no pushback.
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18 January 2025 | 17 replies
We manage 275 residential properties with the majority of those in Sherman/Denison so I feel uniquely qualified to chime in.Generally speaking, 3 to 4 bedrooms are the most popular and for a new build, they will lease anwhere between $1600 - $2200 depending on the area, size and amenities.
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12 January 2025 | 185 replies
BUT, know it's overkill for the vast majority of persons.
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15 January 2025 | 15 replies
I find the vast majority of my stays are families that love the games and 30-40% of the time they bring their pet as well.
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9 January 2025 | 12 replies
The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...
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2 January 2025 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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24 January 2025 | 37 replies
The major fires that burned hundreds of homes in Redding, and over a thousand in Paradise put a huge demand on housing.
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17 January 2025 | 28 replies
The major negative experiences for me had to do with ship times (their updates are on the slower side) or what happens if product is damaged or arrives late.
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9 February 2025 | 36 replies
Maybe a major news outlet would be interested in covering your story.
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13 January 2025 | 45 replies
And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.