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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------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 property in Class D area to Class A standards, what quality of tenant will you get?
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23 January 2025 | 4 replies
It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------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 property in Class D area to Class A standards, what quality of tenant will you get?
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29 January 2025 | 8 replies
No reserves, Income may be good, credit on the low side and NO Equity in the home.
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23 February 2025 | 9 replies
But you will never see the appreciation that truly builds wealth, because those low-barrier-to-entry properties will stay flat on the metric that matters: appreciation.
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4 February 2025 | 10 replies
In my area, they charge transfer tax on the assessed value rather than the LOW sale price.
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21 January 2025 | 20 replies
Personally I like keeping my properties that I know are successful and have low maintenance.
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22 January 2025 | 4 replies
Are their listings detailed with good quality photos?
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29 January 2025 | 19 replies
When they do HML on OO, they want very low risk.
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11 February 2025 | 5 replies
No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.
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28 January 2025 | 5 replies
You also need UX, support, quality, a million other things.