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2 December 2024 | 35 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 November 2024 | 2 replies
So she’s really into just collecting her check every month which I’m faithfully sent her ahead of time for 12 years.
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9 December 2024 | 98 replies
If you have remote faith in any of the following organizations: Microsoft, JP Morgan, Toyota, ING, BP Oil, Deloitte, US Coast Guard, Credit Suisse, CME Group and many more, it's time to start doing a tiny bit of due diligence. https://entethalliance.org/Originally posted by @Bill T.: Bitcoin Went Down - Not Quite Ready For Prime Time Just Happened Nov 29 2017 1) Retracement is over due2) Exchange is not used to the influx of demand, all part of growing pains.
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28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).
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1 December 2024 | 4 replies
@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas.
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28 November 2024 | 1 reply
So if you can collect rents into your business either by deeding the properties to your LLC (be careful of the due on sale clause on your mortgages) or by signing a master lease between you and your LLC and having the LLC sublet then that may help.
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27 November 2024 | 8 replies
Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280.
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29 November 2024 | 9 replies
This type of loan typically has lower interest rates since it poses less risk to the lender.Non-Recourse Loans: Conversely, non-recourse loans limit the lender's ability to collect from the borrower beyond the collateral pledged for the loan.
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1 December 2024 | 68 replies
The investors would be advised to pool together some capital to retain the services of an experienced securities law firm to do an analysis of whether they have cause for complain, cause for lawsuit, and reasonable chance of collection.
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4 December 2024 | 18 replies
My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent.