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4 May 2024 | 8 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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3 May 2024 | 10 replies
Do I need to hire an attorney to evict my tenant who, is a single mother with 2 high school kids?
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3 May 2024 | 11 replies
It's definitely not more than 8 hours per month to manage this from a high level.
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3 May 2024 | 2 replies
You can also ask for a 'Seller Credit" which helps cover closing costs or buy the rate down if you come in high enough on the purchase offer.
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3 May 2024 | 25 replies
I would be open to discussing with a high quality tenant who you can communicate well with.
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3 May 2024 | 2 replies
I would highly recommend attending this as often as you can.
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3 May 2024 | 1 reply
Specifically in this sellers market where the rental demand is so high.
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3 May 2024 | 35 replies
With housing prices and all prices so high, multi-gen households will be more common here in the US like it is in other cultures and HH is an excellent option for older and younger family gens to stay closer and save $.
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3 May 2024 | 11 replies
But, we highly recommend it.
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3 May 2024 | 7 replies
Highly recommend you connect with him if you haven't already.