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20 March 2024 | 4 replies
But certainly storage has to be a strong number 2.I’m not saying there can’t be any sellers at that rate, but find out why 1) they’r willing to sell so cheap and 2) someone else didn’t snap them up with the hundreds of mailers they’ve probably received over the last year or two.
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20 March 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+, 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, 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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20 March 2024 | 12 replies
The places with crackdowns typically have a huge hotel industry already and the AirBNB operators are pulling from that while causing negative impacts on the neighborhoods where they're invested.
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21 March 2024 | 16 replies
Traditional DSCR (Debt Service Coverage Ratio) loans typically consider the entire property's rental income, not individual rooms.
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21 March 2024 | 7 replies
That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.
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20 March 2024 | 15 replies
At 4% interest, I bought investment properties which easily met a DSCR of 1 or greater, even when using the market rental value which was always less than the actual rent I receive from my tenants' federal housing choice vouchers (HCV).
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21 March 2024 | 0 replies
Seems pretty safe compared to other investments.Details: They are considered safer, but typically offer lower returns compared to stocks and real estate.
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21 March 2024 | 25 replies
I've received estimates that have "essential" repairs but never tried to get around that.
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20 March 2024 | 3 replies
An apartment is generally MUCH MUCH larger than a laundry room in a typical multifamily. 3.
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20 March 2024 | 8 replies
Everyone (95%) who is a a worker of any skillset typically just care about themselves.