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27 February 2024 | 2053 replies
I am very impressed that you picked up on the inherent problem with Sub S Corporations.
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27 February 2024 | 36 replies
If so, buy some crack shacks with tenants in place like I just did in the last two months for 25k a pop and call it good. lol
27 February 2024 | 9 replies
The auction is the last and worst step in buying.
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27 February 2024 | 7 replies
They have made great tenants that usually last several years or more, and pay the rent.
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27 February 2024 | 3 replies
My cold caller identified this lead and I wanted to see if I could come up with a creative finance solution in addition to an all cash offer in order to give the seller options.Location: Fresno, CABuilt 20104bd, 2 bth, 1600 sqftARV= $415kTheir current asking price for an all cash offer= $390k Their mortgage balance ~120k, interest rate is 4.51%Roof is original (14 yo), HVAC is new (replaced last year), no other updates or major repairs that he's stating.Situation:The husband states his family of 7 has outgrown their current home.
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26 February 2024 | 11 replies
The last financial advisor told me securities based loans are close to a conventional loan's rate.
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27 February 2024 | 4 replies
The issue I find is that when I go to list my units, which are clean and moderately upgraded apartments in Little Havana and Allapattah I literally have 70 applicants in 24hrs via facebook marketplace or through the apartment rental platform my property management software interfaces with (like Apartments.com etc).So when I have 70 people lining up with first, last and deposit with no other middleman or agency impeding the process or requiring inspections or causing delays or requesting additional paperwork be filled out where is my incentive to go the section 8 route?
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26 February 2024 | 9 replies
Lastly, and just as important, you have to think of the safety of families which will take tenancy in your unit AFTER this tenant moves out.
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26 February 2024 | 7 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.