Kerron Hendrickson
New to the Investment world
30 October 2024 | 16 replies
Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Jacob Nevarez
First House Hack
5 November 2024 | 28 replies
I’ve been working in this space for over 20 years, and I’ve seen firsthand how choosing between neighborhoods versus suburbs can significantly impact your returns.City Neighborhoods: Wicker Park, Logan Square, and BridgeportIf you’re eyeing Chicago neighborhoods, I’d suggest considering areas like Wicker Park, Logan Square, and Bridgeport.
Brian Dolbeare
Determining accurate rent projections for deal analysis...
29 October 2024 | 11 replies
Besides everything mentioned above, the finishes can have an impact on pricing:Granite countertops, flooring type, who new everything is, etc.
Mark Kelley
How to warn future landlords / LPs about a tenant / GP
1 November 2024 | 18 replies
You could have sent him to collections and this would destroy his credit, which could impact his ability to purchase a home, qualify for a car loan, and possibly even cost him his job.
Stefan St. Marie
How do you calculate gross revenue?
29 October 2024 | 9 replies
The commission you pay to the platform is an expense but it doesn’t not impact your gross revenue only your net.
Noey Santiago
Refinancing with a Low Credit Score
30 October 2024 | 11 replies
The shorter the prepayment term has an impact on increasing the rate.4.
Tri Tran
Need Help! will likely lose 30K to a scam
30 October 2024 | 12 replies
I understand now that her immediate family was dramatically impacted by the hurricane, and I feel sorry for the heartache she has had to deal with.
Tom Dean
Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
8 November 2024 | 38 replies
To me, mid-tier houses are likely one of the best long-term appreciation investments because they are sought after by so many people in that market, a smaller percentage of people can afford luxury houses and also they may be more volatile but there's always demand for the mid tier price range for the average Joe.I consider myself a serious investor, my LTR's are in a place I would otherwise never travel to, my own preferences and opinions on the location are meaningless as this is purely a long-term investment decision for me and I won't allow personal preference for a location to impact my decisions.
Kyle Fitch
What would be my earning potential?
31 October 2024 | 12 replies
Markets with balanced property prices and strong rental demand will be key.While rising prices and interest rates may impact cash flow, with careful deal analysis and a focus on areas with good appreciation potential, it's achievable.
Shayan Sameer
Flix & Flip deals with HOA
29 October 2024 | 4 replies
The warrantability will come up more on the back end when it comes to refinancing or selling and the rehab aspect will impact you more immediately as it may cause you to adjust some of the work that you're looking to do on the property.