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9 December 2024 | 5 replies
What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?
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8 December 2024 | 11 replies
@Aaron Gordon we did the student rentals down here in Narragansett for a long time and the more accurate screening was getting the major.
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11 December 2024 | 7 replies
For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.
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17 December 2024 | 14 replies
I’ve found weekly check-ins and a shared project tracker to be lifesavers, helping you spot delays before they become major issues.
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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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11 December 2024 | 14 replies
Our STRs are all booked for the holidays majority wise but the one week that is slow across the board is the week post-Thanksgiving.
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13 December 2024 | 13 replies
Your major issue in the discussion.
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14 December 2024 | 36 replies
The majority of Buyers search 3rd party listing services which also provide listing agent contact info.
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10 December 2024 | 3 replies
Vehicle expenses are one of the major costs to consider, so living nearby helps reduce those expenses and saves you time.
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11 December 2024 | 13 replies
The vast majority of lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.