Ming Huang
OKC long term investments experience and recommendations
27 January 2025 | 7 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.
Chris Garnes
Please help - advice needed to complete two flip properties.
10 January 2025 | 5 replies
A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.
Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 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.
William Silva
Multi family (2-4) units. Getting started
30 January 2025 | 8 replies
And also the local job market.
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
She paid us up front for 12 months of rent & then paid herself each month & at the end of year 1 she paid us for another 12 months...she did this until her credit improved.
Jay Fayz
Best way to start in REI at 20 years old
9 January 2025 | 4 replies
Quote from @Jay Fayz: Hello everyone,I've recently been exploring real estate as a potential career path and I'm looking for advice on the best entry-level job to gain experience and knowledge.
Jim Vasica
Painting pricing question
15 January 2025 | 6 replies
For example, if the job takes 20 hours at $25/hour, you’re looking at around $800 total.Expect quotes to be significantly higher, but use your formula to negotiate.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
There is only one thing in my way...the Sheriff doing their job.
Rob Hilton
Dynamic Pricing leads to Accusations of Price Gouging in JT
29 January 2025 | 11 replies
Please keep us posted as you and so many in SoCal are experiencing genuine hardship (whether it's the loss of a home, belongings, jobs, etc.).
Lisa Oliver
Best advice for finding plumbers, handymen
21 January 2025 | 10 replies
Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.