
3 June 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

4 June 2024 | 4 replies
The asking price was 575K, which, in my opinion, was a very high asking price.

4 June 2024 | 0 replies
Partner Driven was interested in the Gibson St deal in Portland, TN, due to its high profit potential with a purchase price of $142,000 and a sale price of $240,000.

3 June 2024 | 20 replies
Just need a good GC contract that you can enforce if they dont perform.. pretty simple at that point and frankly much safer for you not to give the GC any formal ownership at all..

2 June 2024 | 19 replies
2) the financial upside of a non-performing note going to performing (funds will tend to take this for themselves)3) to not have all my risk concentrated into a few investments Partials seemed like a good option with those three requirements but maybe I'm looking for too much.

3 June 2024 | 4 replies
My company contracts out most of our maintenance- the people we write the most checks to are; handymen, landscapers and companies who perform drive by and mid lease inspections as well as process servers.

4 June 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.

4 June 2024 | 2 replies
The downside of selling will also be that our expenses will go up by buying a new home as well, and we aren't very high income earners (we both make a little over $100k/year combined)We also own a few small rental properties in smaller towns nearby in TX, so the rental game isn't new to us!

4 June 2024 | 5 replies
Or you could potentially get a private loan as a second but 1) the bank probably wouldn't like that and if they found out about it, would likely at least have the right to call the loan and 2) given private loans usually have very high rates, it would probably make more sense to just refinance it.