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22 February 2025 | 6 replies
Still need to screen S8 prospects though.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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5 February 2025 | 5 replies
I'm excited you are here and ready to grow your business even more!
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6 February 2025 | 7 replies
I personally don't care if people are rude or have an attitude or even if they complain.
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20 February 2025 | 10 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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15 February 2025 | 19 replies
However, I have found local property managers to be very helpful in stating whether an area was difficult to rent, what the market rents were, and even personally knowing some of the tenants of buildings I was considering.
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27 January 2025 | 5 replies
I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.
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4 February 2025 | 8 replies
But at that point why even look for 100% hard money lending lol?
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9 February 2025 | 10 replies
Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.
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6 February 2025 | 4 replies
Hey Brother,I too come from tech and share a lot of the same interests you've mentioned.Currently I am working on automating my work, to sort of 'build my team' before my 'team' even exists!
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20 February 2025 | 10 replies
So many "investors" bury themselves in complex, expensive situations to protect themselves from some unknown threat to their non-existent business.Figure out if you have any shooting skills (or even enjoy the game) before spending money on $600 Nikes or an indoor basketball court.