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6 May 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.
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7 May 2024 | 20 replies
Thank you for your recommendation and professional advice.Yes, I also thought 1-2 months is ludicrous.I highly recommended my friend change the contractor or get another quotes with other contractorsI don't know the "home restoration companies"
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5 May 2024 | 3 replies
@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.
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6 May 2024 | 11 replies
Most have a high school education.
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4 May 2024 | 14 replies
For this reason, I highly recommend the 2 BR option over the 1 BR.
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4 May 2024 | 5 replies
Finding quality tenants is certainly a legitimate concern that every investor has had at some point in their career.
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6 May 2024 | 8 replies
My goal of becoming a broker is two fold: 1) Build a career with high earning potential 2) Use that income paired with the knowledge I would gain to invest.
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6 May 2024 | 11 replies
Of course, I would highly recommend staying up to date on the laws for when you do move out of the property and onto your next house hack.
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2 May 2024 | 1 reply
Hello, I'll make this brief. my names Tyler and I'm about to graduate high school in less than a month and my passion is real estate.
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5 May 2024 | 3 replies
This is even more true today given the high level of US interest rates.