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5 December 2024 | 7 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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12 January 2025 | 185 replies
The bear will eat you.Where can I learn to do this properly?
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2 December 2024 | 9 replies
Listing photos were terrible, tenant vetting was lackadaisical, checks were sent to wrong addresses, tennants weren't properly vetted, charges for "mulch" and landscaping were charged but never physically carried out.
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4 December 2024 | 10 replies
I want to know if one of my rentals has a massive even that I'm covered, that's worth the going rate on the proper insurance to me.Best of luck!
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1 December 2024 | 10 replies
Buyer of note does not do proper due diligence and finds they need something resigned from an owner of the note down the line and think the person they bought it from needs to get that document for them.3.
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6 December 2024 | 9 replies
I've underwritten hundreds of deals, submitted tens of LOIs and not had a single one accepted- The BRRRRs I did do weren't true BRRRRs because of low appraisals, or not accounting for all costs properly and I ended up leaving around $10k for each one in the deal.
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4 December 2024 | 9 replies
A lot of places up here in WA you must have cause for a lease non-renewal.Check your local laws too, a lot of places require proper notice to be given prior to lease non-renewal.
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5 December 2024 | 20 replies
Your tenants who faced with an already tight household budget may decide to rig the issue instead of fixing it properly. Â
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2 December 2024 | 3 replies
While I understand this may not be the best time for high demand, the lack of inquiries has been unusually low—something I’ve never experienced before.When I searched for similar rentals in the area, I discovered that my listing does not show up properly.
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29 November 2024 | 10 replies
Well if Proper won't insure it, many others won't as well.