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5 December 2024 | 2 replies
I am wanting to connect or shadow with interior designers, decorators, or even project managers, just so I can get my foot in the door and understand all aspects of a construction process.
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2 December 2024 | 33 replies
Parts of it are similar to SFR, some aspects translate, but they are different worlds in different universes.
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3 December 2024 | 2 replies
The main issue I've come across is that everything in this price range would be cash flow negative.
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26 November 2024 | 86 replies
You are an extremely rare breed in being willing to discuss a sponsor in a negatively light publicly.
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3 December 2024 | 3 replies
Don’t listen to dooms day people like DAN H (lol just kidding ) but Dan you are so negative in the forums… you know a lot but there is a way!
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2 December 2024 | 4 replies
However, there’s one aspect of the website that’s raising a bit of concern for me.I live in Santa Barbara, CA, and from my experience, the median home price here is generally at least $1.5 million, and in most cases, I rarely see anything priced under $1 million.
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9 December 2024 | 9 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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4 December 2024 | 3 replies
For example for me, CoC does not matter as I buy in A/B areas and I hold long term so I am comfortable knowing even if I have zero a slightly negative CoC to start over the long term it will turn and I will end up with a nice return after many years.
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5 December 2024 | 48 replies
I’m not that dumb that I would put in a signed offer before understanding some aspects of benefits.
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4 December 2024 | 3 replies
@Vernon Welch II most tenants offering to pay their rent upfront are trying to compensate for negative qualification issues.NEVER override your screening process just because someone offers to pay several months upfront!