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9 January 2025 | 43 replies
Is there a webpage here breaking this down for us, showing what all is included and how to access it?
14 January 2025 | 7 replies
In our still relatively limited experience, seller financiers are usually looking to get a higher asking price in exchange for the favor of the private loan.
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12 January 2025 | 20 replies
keep it to 1 page is my best advice and simple. have financial returns broken out beforehand
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7 January 2025 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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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14 January 2025 | 16 replies
If you can relate, what were the first steps you took and how did you build your confidence in REI?
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13 January 2025 | 6 replies
This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.
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15 January 2025 | 24 replies
Sometimes I even go to some of the pages for more information.
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10 February 2025 | 62 replies
This is related to lending laws/regulations created by the Dodd-Frank Act in 2010.
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13 January 2025 | 4 replies
We are only allowed to screen non-tenant applicants for criminal and rental history, nothing financially related.
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14 January 2025 | 37 replies
Or if the sponsor of your investment is doing a good job they should have answered all questions you could think of before you even have to ask.Check out my reply on page 1 of this forum thread:https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I have a few questions listed there that you should ask.