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4 October 2024 | 2 replies
Hi all!
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3 October 2024 | 6 replies
It will then provide you with a dashboard of all travelers coming to the area during that time frame.
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27 September 2024 | 13 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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24 September 2024 | 4 replies
Hi all, For a rental home, tenant says bathroom floor keep getting wet, even though it is small amount. at first, they thought they dropped some water. after wiping water, however, it keep coming back and now they think there is some water leak. my plumber went to check and found no issue with bath sink. he thinks it must be shower leak. the shower was redone last year by a contractor, who i ended up firing since he did not show up to work later. anyway, i hired water damage restoration (Servpro) company to check how much damage there is now. unfortunately, based on my research, it is very hard to find source of shower leak. i am thinking of rebuilding shower. i hired a kitchen remodel contractor and he gave me two options; either fix shower pan only, or (optionally) rebuild shower as well.
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24 September 2024 | 6 replies
Hi all, hope everyone is doing well and just wanted to introduce myself, returning from 2005-06 when we did few flips (3) and few rentals (4) and learn some do's and do not's.
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3 October 2024 | 7 replies
Fortunately everyone was ok and the insurance company has been no problem at all giving a full pay out which is valued at the purchase price in 2020.The pay out is not enough to repair/rebuild as the house was built in the 1920s and would not make sense in the location it is in.
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3 October 2024 | 1 reply
All of the properties that we have looked at have been a quadplex or smaller.
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3 October 2024 | 14 replies
I'm particularly passionate about multi-family.Outside of real estate, I enjoy singing (I do it professionally), and playing basketball (I do it for fun, lol).Excited to learn and connect with you all!
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3 October 2024 | 2 replies
Looking forward to learning alongside you all and doing what I can to help you as well.
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4 October 2024 | 10 replies
They want to ensure that the property NOI is amply covering your debt service, and therefore able to cover the yield on the mortgage bond / MBS.As a quick example, let's assume that your property NOI fell significantly, because you decided to simultaneously renovate 25% of the units all at once (taking them offline, and causing NOI to sharply fall for 2-3 months).