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19 January 2025 | 2 replies
Over time, I discovered mistake #2 was not buying them right.
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14 January 2025 | 329 replies
I have three vacancies in a C class neighborhood and the only people I’ll rent to now are Section 8 with a small tenant portion.
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11 February 2025 | 24 replies
No system is perfect, so don't waste your time chasing after the next shiny object.
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11 January 2025 | 13 replies
I'm curious how you would handle managing when working a full-time job in the military.
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15 January 2025 | 7 replies
I got started with BP as well and quit my job in 2024.
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25 January 2025 | 18 replies
- Yes, it does take more time to schedule this:(--- Our FieldTechs do have sets of locks our locksmith has pre-keyed, so we can "rekey" a property faster.
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27 January 2025 | 12 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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29 January 2025 | 22 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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5 February 2025 | 5 replies
If you wanted to earn $200k to live on at a W2 job....you'd need to earn significantly more because you'd have to pay income taxes, and payroll taxes on the income; where as taking on debt isn't taxable at all.
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14 January 2025 | 17 replies
I do not think anyone in Cleveland will do a good job.