4 November 2024 | 11 replies
After that I am using 5% rent increases with 60k renovation in yr1- using 20% down around 8.5% rate, many loan officers keep telling that only 25% down is minimum.. idk- yr1 goal to increase rents w renovation around 60k spend w 5% rent increase (tricky part it probably lot of rent lost while renovating maybe 2-3months) - estimating that yr1 and 2 is negative CF and then projecting positive CF w yearly 5-10% rent increasesAny ideas if this makes sense or not?
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15 November 2024 | 8 replies
The S&P 500 is up over 20% this year.
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15 November 2024 | 2 replies
Beneficial Ownership Information (BOI) Reporting:| FinCEN.gov Do this right NOW!
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5 November 2024 | 5 replies
@Garrett Brown happy to have heard from someone that does this!
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5 November 2024 | 5 replies
My current property will probably sell for around $800k.
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4 November 2024 | 11 replies
This is my first go at pet screening.
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7 November 2024 | 12 replies
: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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5 November 2024 | 22 replies
Thanks for going through this entire process for Alexandria, William.
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3 November 2024 | 5 replies
Sellers appreciate the honesty.So, how can you establish this kind of credibility?