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3 May 2024 | 7 replies
Highly recommend you connect with him if you haven't already.
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3 May 2024 | 7 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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2 May 2024 | 9 replies
The high season is May/June/July/Oct.
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4 May 2024 | 18 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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2 May 2024 | 10 replies
I have seen people hiring designers from out of country for around $10/hour then have a handyman assemble and arrange the furniture from pictures which sounds feasible.Any suggestions?
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3 May 2024 | 7 replies
but if they cannt afford 20% down ($60K), they are a high risk of not making payments; and there are legal costs to foreclose and get your property back
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30 April 2024 | 3 replies
There are some construction loans that will fund up to 90% of the build costs with qualifying income but again my debt is just so high because of these other mortgage payments on my credit.Somebody help give me the answer I'm looking for so I can create this unique stay!
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4 May 2024 | 12 replies
@Kyle Klineall great questions and this is the challenge right now with both prices and rates high.
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3 May 2024 | 12 replies
You can't give up even after days/months of not producing results, which is highly unlikely.
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3 May 2024 | 17 replies
What is the rate/structure of the loans on them - is this Hard Money - high rates?