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13 December 2024 | 13 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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5 December 2024 | 34 replies
@Pamela M. how collectible is this person?
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19 December 2024 | 82 replies
And STRs really help because you don't have the large dings that long term rentals have - i.e tenants damaging the property to where you have huge make ready costs (the str insurance covers that), no collections or evictions issues.
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6 December 2024 | 36 replies
I've been pretty pedestrian just collecting AmEx points and moving them to Delta.
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5 December 2024 | 7 replies
If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?
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11 December 2024 | 68 replies
Look at your credit and if it has improved applied for a loan on a muti-family home, so you can collect the rent and pay the loan, if unable to sell. 2.
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10 December 2024 | 9 replies
If they are billed separately, the charges may fall into Fair Debt Collection Practices Act laws.
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7 December 2024 | 2 replies
To answer the title of your post, selling fsbo can be a good idea if:- you have experience selling RE- you price the home to sell- you have systems in place to collect inquiries and facilitate showings i.e. call center/email/google forms for screening inquiries, showing agent, lockbox, security alarm, etc. - you have dozens of local agents who can market the property for you and bring you a buyer- you are listing in a desirable area with low-inventory - you are not in a rush to sell
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6 December 2024 | 0 replies
By collaborating, we can leverage the collective knowledge and resources of more experienced investors in this forum, gaining valuable mentorship to accelerate our growth.
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7 December 2024 | 2 replies
It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.