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1 February 2025 | 9 replies
I've found that CPAs that focus on a niche area such as real estate rather than offering general services to everyone are typically much more knowledgeable about real estate tax incentives.
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24 January 2025 | 6 replies
Are you focusing on adding them in the general PHX area?
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24 January 2025 | 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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29 January 2025 | 16 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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21 January 2025 | 4 replies
They’ll have a strong network and be more in tune with the opportunities available in the rental market, whether you're interested in single-family homes or multi-unit buildings.If you're focusing on single-family homes, try to keep them within the same area.
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27 January 2025 | 15 replies
Are you focusing your efforts in/around your local market?
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29 January 2025 | 6 replies
I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.
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4 February 2025 | 17 replies
Narrow focus - I know the zip codes I wanted to purchase well.
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30 January 2025 | 19 replies
I’d focus on property types that align with my strategy, leveraging financing options that fit my budget.
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29 January 2025 | 14 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.