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7 March 2024 | 6 replies
Typically 30Y fixed, refi into an LLC, low doc loans that don't report on your credit.
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6 March 2024 | 6 replies
Because it's my first property I want to take advantage of the higher cash flow I should receive because of my low mortgage payment.I'm more interested in just establishing the HELOC before it becomes an investment property so I have access to the extra funds should I need them.
6 March 2024 | 6 replies
I received a 1099nec in 2023 with the amount lended plus interest.
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6 March 2024 | 11 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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7 March 2024 | 10 replies
Hi All,I have a gas leak situation in my rental property and below is the message that I received from my PM.
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6 March 2024 | 7 replies
We posted an RTO in South Carolina last week and received over 2,600 clicks on the ad!
5 March 2024 | 2 replies
Then you would have that leasing expense all over again.We actually sometimes like to pay the leasing brokers more so they push our site harder than others.If you have an A location and A parcel shape then typically lots of tenants fight for the site to lease it or buy it and leasing broker has to do less work for fee involved and rent per foot higher most times.
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6 March 2024 | 9 replies
However, even at a "typical" Cap Rate, you need to do the homework to understand if a property is a good price or not.
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6 March 2024 | 10 replies
I recently received the PT-100 personal property tax return for filing.
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6 March 2024 | 2 replies
How are these costs typically calculated?