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20 January 2025 | 8 replies
For example:If families frequently comment on the lack of child-friendly amenities, adding a crib or high chair could increase bookings.If professionals mention the need for workspace, consider adding a desk or ergonomic chair.Tailor Your Listing DescriptionOnce you’ve identified your target audience, write a listing description that speaks directly to them.
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12 January 2025 | 6 replies
Speak with someone you know in leadership or on staff and express your interest casually.Frame It as a Solution: Highlight how purchasing the property could be mutually beneficial.
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7 January 2025 | 4 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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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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7 January 2025 | 2 replies
With 5% down payments and all the expenses deducted, there seem to have close negative/only around $100 cash flow each month.
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7 January 2025 | 13 replies
Each of those cities have their own pros and cons but I can speak to the Columbus market.
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7 January 2025 | 20 replies
Additionally, they have another property which has appreciated in value, carries low interest rates, but has negative cashflow and essentially feels like it just locks money away.
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17 January 2025 | 24 replies
Based on speaking with them their, I paid a rather hefty fee to transfer my solo 401K to them and have it reinstated and the fee covered this plan for 6 years.
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8 January 2025 | 5 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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1658784/small_1703376286-avatar-michaelm1893.jpg?twic=v1/output=image&v=2)
9 January 2025 | 14 replies
Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in 5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.Here are the negative consequences, in regard to real estate, of filing bankruptcy1.