28 November 2024 | 3 replies
Collecting 2-4 rents for 1 property tends to offset taxes more favorably.
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2 December 2024 | 2 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/406571/small_1694947300-avatar-danz4.jpg?twic=v1/output=image&v=2)
7 December 2024 | 60 replies
If anyone is curious I had about $9k collecting dust that is my little "RE Developer" fund and I right now it is up to $11k and growing.
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10 December 2024 | 104 replies
I hope you are blasting deals and collecting Jerrys checks!
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6 December 2024 | 12 replies
I bought my home at the very end of 2021 but really didn't do any work on it or collect rent in 2021. 2022 is when I really started to do work on the rental side/unit of my property.
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28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).
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2 December 2024 | 35 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/2571094/small_1694609862-avatar-tisag1.jpg?twic=v1/output=image&v=2)
28 November 2024 | 1 reply
So if you can collect rents into your business either by deeding the properties to your LLC (be careful of the due on sale clause on your mortgages) or by signing a master lease between you and your LLC and having the LLC sublet then that may help.
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1 December 2024 | 4 replies
@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1823044/small_1623517577-avatar-ericho.jpg?twic=v1/output=image&v=2)
6 December 2024 | 45 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.