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24 February 2025 | 8 replies
Other months look more normal for this time of year.
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5 February 2025 | 54 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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19 February 2025 | 4 replies
This is something a lot of people need to read going into flipping..
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13 February 2025 | 4 replies
Hi Hazel, I work with a lot of investor clients from OOS and have carefully vetted general contractors that are licensed, bonded, and insured and do great quality of work.
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6 February 2025 | 29 replies
We have a lot of investors that are way more flexible.
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19 February 2025 | 3 replies
You don't have to use a broker to sell your house, but they do these transactions every day and can make the process a lot less stressful and streamlined.After you confirm the buyers financing, have the attorney draft the agreement to purchase and get the process rolling.
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17 February 2025 | 7 replies
Quote from @Jaycee Greene: I completely understand and I'm sure my fingers are a lot fatter than mine ;-) If you only borrowed $155k, I assume you did a conventional bank or credit union DSCR loan, is that right?
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19 February 2025 | 32 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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20 February 2025 | 2 replies
See properties that are in and out of escrow, that is another sign the seller might be getting tired of getting their hopes up and then the hopes get crushed.
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4 February 2025 | 10 replies
I do pretty decent for my age, and I live at home still, so I've been saving up a lot of money.