German Tapia
Investing in Detroit
21 February 2024 | 9 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Denny Faircloth
New Construction Flip
21 February 2024 | 0 replies
Lender won't lend money to buyer in another country with expired visa and no job.
Jack Jiang
Bay Area new investor
21 February 2024 | 32 replies
(long-term) Involve in slightly larger real estate projects (e.g. apartment, storage, development etc.) while not quitting my job (yes I kinda enjoy my day job).Challenges:1.
Melissa Faraias
Recommendations to seal exterior brick and advice needed
21 February 2024 | 2 replies
Consider the severity of the problem; if your contractor addressed major entry points and weep holes are doing their job, sealing might not be necessary.
Ronnie Phillips
Purchasing A Multifamily Property With Tenants
20 February 2024 | 7 replies
This is quite common (at least in our multifamily experience here in Northern Nevada).
Kevin Park
Shopping for Multifamily Property Insurance
20 February 2024 | 2 replies
Have an idea of the limits you want quoted - Building - cost to rebuild - Contents: do you have any business property there (appliances that are not built-in, maintenance equiptment, furnishings in common areas) - what is the cost to replace them - Business Income: What is the total rents minus the costs that don't continue - Liability: What limit are you looking for2.
Robert Johnson
Coliving regulations in Austin, TX?
20 February 2024 | 4 replies
Also, you may want to consider how much common area space remains if you close it all off to bedrooms.
Michael Hill
Going to househack a multifamily by moving to another State
21 February 2024 | 9 replies
Or think about the things you want to do: presumably you are moving with a job lined up, so where is the office.
Patrick Forelli
LP GP deal structure
21 February 2024 | 7 replies
Managing a rental is nearly a full-time job, especially if you're tailoring the property to your guest avatar, always staying on top of the local market, and learning pricing strategy like the back of your hand. 5.
Kalei White
Would you buy your first rental property all cash or use leverage if you have 600k
22 February 2024 | 50 replies
Look for areas you can invest with population and job growth that are also landlord friendly, tax friendly, and have positive cashflow.