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17 April 2024 | 3 replies
Starting points within the last 36 months could very well end up in the 5-10% of starting points where floating lost.And I think that’s where we sit today—the inverted yield curve is making floaters difficult to pencil.
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16 April 2024 | 12 replies
I have almost 5,000 posts where I've been answering these questions over the last several years.What you're asking is a complex one.
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16 April 2024 | 20 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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16 April 2024 | 6 replies
We will not build out the current housing shortage in America with the conventional thinking of the last few decades, it will take a variety of solutions working together.Build apartments, build new manufactured home communities, fill vacant spaces in communities, create more accessory dwelling units, allow for density where it makes sense, and pull out all the stops to fix this crisis.
16 April 2024 | 18 replies
She is very unresponsive, and did not pay the last months rent upfront as agreed upon.
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16 April 2024 | 18 replies
I did have to leave them last year because they had a $1million max liability if any rentals have a pool.
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16 April 2024 | 12 replies
Most of it depends on your financial position ans condition of units.When was the last inspection that you had?
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18 April 2024 | 54 replies
I funded a few distressed property sales, the investor had skin in the transaction, my money came in last, my funds never left escrow and I was paid back through the HUD-1 (closing settlement statement).
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16 April 2024 | 9 replies
Last year there is one group they hind one dog but that dog bucked so much and Ring recorded it and they used bowl and plate of kids for dog and disconnected Wifi to prevent us know they have dog.
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17 April 2024 | 17 replies
If you were 30 days late they started eviction right away, if you paid up it would reset the clock until you were again 30 days behind.I got a note in the mail to say that this was my last chance and if I was late again when I renewed I would be MTM and that meant that I would have resign the lease or initial it every month,rent was $100 more for MTM leases, and if I was late while I was MTM it would not be renewed.Luckily I got that letter at the same time I got permanent employment with a huge IT Services company.Having permanent employment instead of working for a few months getting laid off and working again for a couple months fixed the money issue.You might want to do the same sort of thing.Raise the rent, make sure they know the rent is being raised because they cannot pay on time, and if they are late again, they will be kicked out even if they pay up.