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6 December 2024 | 45 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 | 48 replies
I actually had some solid advice for you until I saw your reply to @Kevin SobiloThe post is impossible to provide proper advice.
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26 November 2024 | 1 reply
Trying to figure out the proper, best, and alternative routes to making meaningful relationships and wondering what the most effective means is to developing leads that may come along in the probate process.
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27 November 2024 | 5 replies
I'm a project manager by career, so I know with proper preparation, anything can be successful.
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6 December 2024 | 51 replies
For me, those 2 reasons alone make it worth it's weight in gold.
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28 November 2024 | 4 replies
Working with someone with proper knowledge about the market you're looking in is imperative for this.
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28 November 2024 | 8 replies
You have to know how to run it properly.
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3 December 2024 | 26 replies
The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.
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9 December 2024 | 38 replies
It's a credit score. the best way to build credit is to have credit, use it liberally and use it properly.
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26 November 2024 | 9 replies
Your bio says "Denver" but that could mean a lot of things and there are significantly different rules on renting out your property whether you're in Arvada, Westminster, Aurora, Denver proper, etc, etc.