Jason S.
Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
Originally posted by @Thomas S.
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
Originally posted by @Chase Alison Matthews:So...
Nick Rutkowski
Sometimes, its easier to work with problem tenants than strong arm them.
26 January 2025 | 30 replies
Because the extra family members weren't on the original eviction, I had to wait another 3 months to get them out. 6 months altogether.
Gregory Beaty
FreedomSoft Scam!
27 December 2024 | 22 replies
Originally posted by @Justin Elliott:Think I am going to give Freedomsoft a try, will keep you guys updated in the following weeks of how it goes.
Richa Wardhan
Single Family Investor
2 January 2025 | 16 replies
Out of curiosity, how did you originally finance the properties if they are negatively cash flowing?
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
If you have a slow leak...coverage is less likely especially with aged plumbing.To the original poster, Salil.
Kurtis Sargent
First time remodeling project - Learned a lot
28 December 2024 | 1 reply
Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.
Celine Li
"Which out-of-state cities are good for investing now?"
16 December 2024 | 23 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.
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
They originally wanted 360k, but the mortgage would have the property running negative for the foreseeable future until all renovations are done, which I won't do.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
Typically they want good credit score, landlord experience, and 20% down.You can get ones that will either use current rents OR market rents.