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19 May 2024 | 4 replies
Even if you put it in a high yield savings account (less risky than the stock market), you should get a higher rate of return.
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17 May 2024 | 12 replies
But given our high cost city and sky rocketing interest rates, early and simple analysis of any property has so far resulted in negative cash flow.
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16 May 2024 | 4 replies
I had friends some years ago that in a condo put in high end appliances, it was a chef and his wife, so think $20,000 stove, sub zero refrigerator and top end dish washer.
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19 May 2024 | 9 replies
The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.
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17 May 2024 | 14 replies
Luckily I stayed in the car and they let me drive away.The problem with some of these C class areas are that you're going to get high vacancy, evictions, and high turn costs with tenants damaging the property.
19 May 2024 | 2 replies
If the fee is too high a magistrate may balk at it.
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19 May 2024 | 2 replies
What’s great about the DSCR is if you have good credit and a lower LTV the rates are better than most conventional rates right now.Cash out is set at 75% LTV there are some 80% options but the rates in most cases are too high to debt ratio at the required DSCR ratio usually 1.00% or equal to PITI/ITI.
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20 May 2024 | 10 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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17 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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19 May 2024 | 20 replies
Some people like messing with all that, but to me the return is pretty low and the headaches high.