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6 June 2024 | 8 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+, 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, 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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6 June 2024 | 19 replies
Any insights and recommendations will be highly appreciated.
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6 June 2024 | 6 replies
Will check out that book as a high level overview
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6 June 2024 | 3 replies
If you haven't done any flips in the area, HML rates will be high for you to start with no verifiable track record locally.
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6 June 2024 | 4 replies
Low or no money down can be high-risk and should only be attempted when you have a proven track record and really know what you are doing.
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5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.
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6 June 2024 | 11 replies
In a high interest rate environment, it's just the reality unfortunately.
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6 June 2024 | 18 replies
I'll echo what Stephen said, insurance makes things tricky as well as the high interest rates impacting the rest of the country, but if you get a good enough deal you can maybe make it work.
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6 June 2024 | 3 replies
Vacancy in downtown from what I have heard is also slightly higher than the surrounding areas due to all of the new high end apartment complexes that are going in downtown Boise.
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9 June 2024 | 35 replies
Big action in business is typically rewarded, where infrequent determined convictions in investing yields high reward.