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10 January 2025 | 4 replies
NAR considered job growth, financing, renter who plan to purchase a home, migration to these metro markets, number of renters who are planning to buy as well as homeowners who plan to move.
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4 January 2025 | 35 replies
Best decision I've ever made. 4-6% average annual appreciation rate, stable job growth, population growth, drivable to the Bay Area, close to Lake Tahoe, no state income tax, 4th lowest property taxes in the Nation, much more landlord friendly than CA, land constrained meaning limited supply, etc.
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13 January 2025 | 3 replies
That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.
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12 January 2025 | 2 replies
Those in themselves are great education.Degrees won’t help you much unless you are trying to get a job at a large fund.
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16 January 2025 | 7 replies
There is a ring camera system that has a job site security package as well some of my investors use for their projects do not have internet it works off cellular connection.
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15 January 2025 | 8 replies
Make sure the previous property management company did their job and communicated a change in management prior to you taking over--along with your contact information.If they have no done this, they should so the tenant doesn't feel like a scam may be going on.Just make sure they're away of where rent payments need to go and who they can contact in the future.
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22 January 2025 | 20 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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21 February 2025 | 30 replies
And please stop listening to gurus and paying them. it is their job to "sell" you something, not build a relationship with you.
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16 January 2025 | 4 replies
Are you wanting to replace your job and do REI fulltime or just part time investing, or?