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23 March 2024 | 4 replies
There are some differences for sure but I don't think they are substantial.3) What laws should I watch out for (for example am I allowed to have the water/electricity be under the tenant's name) - You can put all utilities in the tenant's name, but I would advise keeping water in your name since that utility is a lien on the house itself.
24 March 2024 | 13 replies
Many are lucky to make 5k to 10k per deal, and that's usually a decent amount below what a typical agent commisison would be, plus usually the buyers are paying all the closing costs.
24 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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25 March 2024 | 15 replies
If you're seeing more price points that are higher than the norm typically it means that either the market is shifting gradually up or that there's multiple people involved in that deal "chain" before it gets to you and everyone is adding their markup.My advice would be to attend a few local meetups to brush shoulders with other investors to pick their brain about whats working in your market AND to start marketing direct to sellers instead of trying to get the deals from wholesalers.
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24 March 2024 | 3 replies
They work long hours and typically just want to rest on their days off.
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24 March 2024 | 19 replies
For example simply filing a quit claim deed to transfer the properties to one entity (existing or new) would be easiest however that may not be an option if you have loans in place...
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24 March 2024 | 10 replies
Maintenance in general have gone up along with everything else, for example, paint costs 60-70% more now than pre-pandemic.
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23 March 2024 | 10 replies
Our lake house for example, AirDNA had us 4x over what the rate should have been.
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24 March 2024 | 15 replies
Example: Pace Morby says BRRR method sucks, but that's part Sam's mentorships.
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22 March 2024 | 88 replies
For example, you see it appreciating well and you sell it for a profit to make up for the losses?