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25 January 2025 | 6 replies
Let the agent know that while you’re interested, the property’s condition and local comps don’t justify the asking price.Taking a warm, conversational approach can make negotiations smoother and improve your chances of getting the deal.
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29 January 2025 | 11 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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8 February 2025 | 18 replies
They tend to be more lenient than traditional lenders (banks, etc.) and focus on the details of the deal more then anything.
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21 January 2025 | 4 replies
Fort Lauderdale has higher purchase prices and nightly rates, but Pompano has had an influx of investment and continues to improve, specifically by the beach.
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22 January 2025 | 15 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/2910802/small_1737992920-avatar-tios1.jpg?twic=v1/output=image&v=2)
29 January 2025 | 15 replies
You just have to be careful because some sales agents will just advise you to over improve the property because it makes their job easier.
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28 January 2025 | 6 replies
It could also help you to decide what type of real estate you would like to focus on - i.e., residential vs. commercial.
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30 January 2025 | 6 replies
As Josh mentioned, it's important to find your right fit, I wouldn't focus solely on price especially if you're looking to be very hands off and you're looking for quality.
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17 January 2025 | 10 replies
It feels like the focus has shifted from creating value to chasing quick payouts, with little regard for the end buyer.
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22 January 2025 | 5 replies
Don't spend your time with other agents as a focus.