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2 February 2025 | 9 replies
On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.
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22 January 2025 | 12 replies
Seeing that you are moving for job reasons, I would probably suggest option 4 until you learn if Seattle is going to be a permanent answer.
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2 February 2025 | 15 replies
Great job and good luck to you!
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25 January 2025 | 6 replies
The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.
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26 January 2025 | 2 replies
Good luck either way and good job on the remodel.
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4 February 2025 | 17 replies
It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.
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23 January 2025 | 5 replies
Some of them even walk off the job, even after they pull permits and are technically responsible for the work.
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26 January 2025 | 3 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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22 January 2025 | 3 replies
My goal is to buy one rental per year with price between 150k-250k for the next ten years (if i get to keep my job).
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29 January 2025 | 10 replies
I am finishing my last semester before moving to Chicago for a full-time job in September.