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9 January 2025 | 3 replies
I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.
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27 January 2025 | 18 replies
Knob and tube has more negatives than most people think, As a GC doing lots of remodels in a old beach town, we replaced a ton of these.
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10 January 2025 | 17 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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9 January 2025 | 20 replies
Quote from @JD Martin: Quote from @Benjamin Weinhart: Speaking to your item #6, I was actually told by the staff here over the phone maybe 5-6 months ago that DMing someone is fine so long as it's not a copy/paste ad and is specific to the individual.
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2 January 2025 | 37 replies
But don't discount a deal killer as negative when they only work in your best interests.
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21 January 2025 | 40 replies
I have non-english speaking tenants, and they registered the tenant portal to pay by ACH (so no fee).
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11 January 2025 | 15 replies
Quote from @Kristian Sexton: @Tanya Maslach Does your lease agreement speak to this?
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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 January 2025 | 5 replies
Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.
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17 January 2025 | 23 replies
As others have stated, you'll always encounter issues, problems, and complaints (negative reviews) from all sides tenants, landlords, and vendors.The bottom line?