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8 October 2024 | 4 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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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8 October 2024 | 7 replies
Depending on hte rental income, you potentially could do this as DSCR is based on the rental income.
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17 October 2024 | 5 replies
New to all of this and I am looking in to buying a duplex in the Portland area as my first rental property.
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17 October 2024 | 4 replies
I would then explain to this complaining tenant that the heat provided meets what is required.
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9 October 2024 | 5 replies
Good morning everyone I am new to the BP community and am excited to start investing in multi family properties around the Wilkes barre Scranton Allentown PA area.
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17 October 2024 | 9 replies
Here are some BP topics on this: https://www.biggerpockets.com/search/topics?
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17 October 2024 | 7 replies
If you are leaning towards using a property manager or think you may at some point, just make sure you budget for that in your analysis so that your cash flow figures are taking that potential expense into account.Since this would only be your first property, I don't think you need a professional hiring firm--it would probably be more beneficial for you to do the interviewing yourself to be sure that you set expectations properly, are aligned, and can work well together.
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17 October 2024 | 1 reply
I have read that you can contact the nearest hospitals and offer services, so how is this done successfully out if state and what are other means for the example staffing agencies.
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6 October 2024 | 11 replies
I find market price with a combo of that website and looking at what other LL's are asking for on Facebook Marketplace.
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16 October 2024 | 2 replies
Typically his projects have been privately funded and smaller than this one.