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16 January 2025 | 2 replies
They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.
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6 January 2025 | 38 replies
But it seems to me that referral clubs only real value is vetting suppliers.
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13 February 2025 | 95 replies
But you can get value out of all of them if you work them right.The reality is, for profit or non-profit, all REIAs have costs to cover just to operate.
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22 January 2025 | 20 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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27 January 2025 | 4 replies
The masterminds often encourage students to finance the new-car like entrance fees on a credit card, on the promise of just a single deal covering all the entrance costs.
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29 January 2025 | 107 replies
In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.
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28 January 2025 | 22 replies
We’ve also expanded into Ohio, covering areas like Cleveland, Columbus, and the surrounding cities.One of our first flips was a trailer out in Mt.
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15 February 2025 | 77 replies
Each time you take another "chunk" off of the mortgage your regular payments also become that much more efficient.Hopefully, that covers the explanation, but I told you there was proof, so here you go.
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13 January 2025 | 16 replies
It doesn't add layers of physical damage coverage or cover things that wouldn't otherwise be covered.
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20 January 2025 | 22 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.