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28 February 2024 | 7 replies
If you're not putting any $ down, that PITI payment is looking to be close to $6k monthly without utilities and general maintenance and there's no market for $2k single bedroom rentals so the math wont work well.
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28 February 2024 | 28 replies
Typically peroxide guys swear by hair bleach cream developer, because it can really do a range of lightening well, but it take times to develop skill in that.After you lighten up the spot, you're going to have to seal and poly the wood.
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1 March 2024 | 28 replies
I like the non-typical and unconventional stuff, and that's where the Roth comes in.The Roth is really a retirement vehicle, but works extremely well.
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28 February 2024 | 43 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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1 March 2024 | 97 replies
It's even tougher when you have time and other constraints, too.However, that describes virtually everyone who gets started in real estate, or at last those who post, visit or even just lurk on these forums.Paying for education is pretty typical.
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29 February 2024 | 6 replies
This classification typically means that the property is listed on the National Register of Historic Places or is located in a registered historic district.Substantial Rehabilitation: The building must undergo "substantial rehabilitation" to qualify for the credit.
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28 February 2024 | 2 replies
Networking and Local Insights: Have you had any success with local networking or utilizing local resources to gather valuable information about property owners discreetly?
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28 February 2024 | 8 replies
Using a commercial/DSCR lender means they typically don't need to be seasoned.
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28 February 2024 | 7 replies
Also, if you are splitting the units there may be some requirements for splitting the utilities and entrances.
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29 February 2024 | 8 replies
With a typical LTR property @ 7% cap rate someone would need to buy with either cash for about 7M to get $500,000 cash flow or it's equivalent of equity if leveraged?