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7 December 2024 | 6 replies
If you encounter this situation, you should hire an attorney to properly managed dismissal of these suits.
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5 December 2024 | 7 replies
i.e. single proper Buyer agreement, exclusive buyer agreement, etc.Does the principal broker her a signed agency disclosure with this party?
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8 December 2024 | 14 replies
I won't veer from my qualifications-- quality location, value add opportunity from the get, proper price entry point.
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9 December 2024 | 9 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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6 December 2024 | 9 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
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2 December 2024 | 0 replies
For me, the thrill is no longer just about profits—it’s the excitement of hunting for the next deal and learning something new along the way.
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7 December 2024 | 2 replies
I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.
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2 December 2024 | 0 replies
For me, the thrill is no longer just about profits—it’s the excitement of hunting for the next deal and learning something new along the way.
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10 December 2024 | 16 replies
I feel there is potential for it to be a good MTR if I advertise and take pictures properly.
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5 December 2024 | 5 replies
There are a ton of qualified broker and lenders out there that can offer this product but be sure to receive the proper education when iyb comes to structuring the deal correctly.