Mattin Hosh
Assist in Turnkey
9 January 2025 | 10 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.
Jules Aton
Back in the day...
13 January 2025 | 16 replies
But to put it in perspective I was only making $35,000 a year at my day job.
Timothy Lawrence
House Hacking Advice (Washington D.C, Nova, Baltimore Area)
8 January 2025 | 11 replies
If it's not feasible due to circumstances I suppose I'll have to adjust my situation (find weekend job, move back to NJ with parents, move to a different state with, etc.)All responses are appreciated, and I am absolutely open to chatting on the phone by the way.My view on house hacking is it can be a great tool to buy a house you could not otherwise afford, but it shouldn’t be a goal in it of itself if that makes sense and that’s not to discourage you from investing just there are alternatives such as the stock market. so I’d start by asking where you want to live, do you want to own a single family home or does it make more sense to rent in a more interesting neighborhood like Arlington, Alexandria, that’s gonna be a personal choice, Will your monthly payment actually be less than renting/how many people do you need to get in the house to afford that?
Michael Elliott
STR's in Kissimmee, FL
22 January 2025 | 22 replies
They would do a stellar job helping you navigate and landing hand managing :)
Pablo Valencia
Cali VS Texas
5 January 2025 | 11 replies
California offers great job markets and weather, but comes with high costs.
Shayan Sameer
Using Home Equity for Fix/Flip or rental property
6 January 2025 | 8 replies
Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).
Mayer M.
Real Estate Professional Status/Time Tracking
25 January 2025 | 91 replies
We have a good sized portfolio and i left my corporate job in 2021.
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
(+1 sub)speaking of uncut gems. it's interesting that was the movie you were going to watch, given your situation. can't really compare RE to gsmbling, but the guy had heart and wouldn't give up for nothing. great job on persevering thru this storm!
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
2 February 2025 | 22 replies
I'm a divorced dad to four and I'm working two jobs and never around to see my youngest.
Henry Clark
Self Storage- Will they come? Market size?
1 February 2025 | 22 replies
Just use google maps and you can do a good job counting the number and size of units.