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2 December 2024 | 4 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.
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5 December 2024 | 15 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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25 November 2024 | 16 replies
If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!
Background checkCr...
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10 December 2024 | 25 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
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30 November 2024 | 4 replies
Approach them now about doing it, provide them the proper forms, and instructions on how to do it.
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3 December 2024 | 22 replies
And that you for bringing the proper spelling of Hazleton to my attention.
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11 December 2024 | 68 replies
You need to be debt free with good credit to properly position yourself on a path to successful investing.
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14 December 2024 | 42 replies
Looking back, I would have started to network, get a proper mentor in the field I enjoy and prioritized investing in rental properties before buying my primary home.
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2 December 2024 | 2 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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5 December 2024 | 15 replies
RCN Capital - Never used them, but seem to be legit Roc Capital - Used them, be careful here, if you don't do your proper due diligence with the deal, you will end up with an unhappy borrower.