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29 January 2025 | 12 replies
@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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9 January 2025 | 0 replies
Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.
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7 January 2025 | 8 replies
Prioritize your financial stability.
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13 January 2025 | 0 replies
It means your house might be your biggest financial asset — and it could open up some exciting opportunities for your future.
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15 January 2025 | 6 replies
If you have gross income of $3k but ongoing bills of $1800 we know it may cause a financial hardship so that reflects in our scoring system.Hope this helps, but in my experience an interview is:a.
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16 January 2025 | 9 replies
With the limited access in Yardi, you won't be able to adjust account trees and create multiple customized financial statements.
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10 January 2025 | 2 replies
Are you wondering more about the financials of it or operations?
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12 January 2025 | 20 replies
You'll need more capital and most will require a personal guarantee and personal financial backing.
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17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
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13 January 2025 | 8 replies
Just make sure the numbers work for repayment and your overall financial goals.