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27 February 2025 | 25 replies
If you have a job where you make way more then you live on this makes think you are probably pretty safe.
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27 February 2025 | 19 replies
(My CPA firm buys that for everyone in the firm.)I think ChatGPT does a great job writing emails and letters.
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28 February 2025 | 28 replies
Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.
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4 February 2025 | 11 replies
Painting, for instance- an amatuer could take their time and paint a house over the course of a couple weeks and do a great job, but a professional crew could do the entire job in a day.
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10 February 2025 | 9 replies
I do not flip so I understand your reluctance to want to flip (it’s a job, taxes, selling costs, etc), but it seems like a much better flip than brrrr.
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10 February 2025 | 7 replies
I really want too help out people and I don't really really like a 9-5 job I want something different.
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25 January 2025 | 25 replies
But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.
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18 January 2025 | 13 replies
Some have pointed out the fallacy that to be licensed in some way is different upon the operation.
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2 February 2025 | 9 replies
My only concern to look out for is that things can go 'rural' pretty quickly if you start venturing outside of town, and most lenders are going to put the brakes on financing if the appraisal lists the property as 'rural' (has to do with what they perceive as the availability of future tenants).Watertown, NY - It probably is as good as you believe, but the lending licensing is pretty tricky up there, so its just bit more difficult to find lenders that operate up there.
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1 February 2025 | 1 reply
I've seen plumbers and builders stop hiring because all the "young" people start the job and then don't put in any effort or stop showing up.Figure out what you want to make hourly, then start telling everyone and their brother that you need work, how many hours you are available, etc.