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27 January 2025 | 25 replies
I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should.
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27 January 2025 | 12 replies
@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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4 February 2025 | 1 reply
I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.
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5 February 2025 | 8 replies
LA typically has outperformed in vacancy, rent growth, and appreciation.
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31 January 2025 | 0 replies
This allows servicing $1.9 M at $7305.
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11 January 2025 | 1 reply
If they say Service Link, find another house.
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27 January 2025 | 12 replies
Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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12 February 2025 | 17 replies
The ARV on small multifamily can be a bit tricky as most appraisers will like to use the comparable approach as to an income/NOI approach typically used by larger (5+) multifamily properties.
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23 February 2025 | 39 replies
If you were you promoting your services to our members, the site will auto-ban you, too.It appears that your ban has been lifted.
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27 January 2025 | 7 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.