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20 May 2024 | 35 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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21 May 2024 | 4 replies
But when you are trying to compare how to spend money versus non-real estate alternatives like stocks and make sure the juice is worth the squeeze, IMO you want to do a proper underwriting.
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20 May 2024 | 12 replies
Mike, you'll typically always use your EIN to open business accounts and lines of credit.
20 May 2024 | 5 replies
That's a typical scenario and could cost you $10,000 - $15,000 so that would be a good starting point for your reserve.But there's more!
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20 May 2024 | 11 replies
There is places to slash costs, paint isn't one of em, the juice simply isn't worth the squeeze.
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20 May 2024 | 7 replies
FHA and VA loans are typically eligible for assumption.
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19 May 2024 | 2 replies
Then you can get out of deal but bank won’t negotiate the rate Typically a bank will not lower your rate.
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20 May 2024 | 21 replies
A contractor should be able to put together a box in about 15 minutes each...I would say a days worth of labor ($400) needs to be factored into the cost for a RTA kitchen if you really want to compare apples-to-apples to a pre-assembled cabinet.
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20 May 2024 | 1 reply
C) The worth of investing $30k in sweat equity, considering this is an out-of-state investment.I would appreciate any insights or advice you could give me on this potential investment.Thank you in advance for your input.
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20 May 2024 | 5 replies
This indicates a demand for smaller, more affordable housing suitable for singles or young couples, which are typically quicker to flip due to higher demand from first-time homebuyers or renters.