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5 June 2024 | 27 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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5 June 2024 | 13 replies
@Dennis Gallof, it sounds like you are looking for legal loopholes to liability risks and I am not imagining there will be many options there.
7 June 2024 | 6 replies
We had it professionally decorated and will be leaving it furnished as an option.
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7 June 2024 | 4 replies
@Greg Todrank most banks now offer options to pay bills online:1) Via ACH- You need their bank account & routing numbers to one-time enter in your banks online system.
6 June 2024 | 2 replies
I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee.
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7 June 2024 | 6 replies
Convert a garage into a movie theatre or game room to maximize entertainment options.
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6 June 2024 | 5 replies
Is this the typical renter's insurance which protects the renter's possessions or something else?
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8 June 2024 | 17 replies
People getting wise to wholesalers that will only close IF they can sell property for more than contract price, and use option period or weasel clause to terminate.
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7 June 2024 | 8 replies
I have Bond for title agreement with Tenant what kind of financing options I can use to cash out for next BRRR.
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4 June 2024 | 1 reply
I'm unsure how owning this commercial property will affect my financing options for the personal home.