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20 July 2024 | 21 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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20 July 2024 | 10 replies
Even though I have no experience other than renting out and managing my first primary home, my interest in real estate pushes me to educate myself upon this topic.With a very high barrier to entry where I live in Northern Virginia, especially for first-time investors just starting out with small budgets, that is why I have been focusing on out-of-state investing in real estate and also have been reading a lot about the BRRRR strategy.
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21 July 2024 | 4 replies
If no one answers the door, you can put that in a letter / notice and post it on their door.
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20 July 2024 | 7 replies
There is no harm to have your listing there too just set the limit for your stay.
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20 July 2024 | 24 replies
No BIC that I know would allow using an attorney draft one for a rental the risk is too high for a little rental commission.
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20 July 2024 | 32 replies
No changes to electric, plumbing, etc.
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20 July 2024 | 5 replies
My girlfriend has signed nothing and gave no consent to have her credit run.
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20 July 2024 | 10 replies
And what about the case of financing on a MH (no land)?
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20 July 2024 | 2 replies
I'll take a stab at this your LLC is 1 new, Think of this as a person with no income no credit history and no assets.Do you think any bank will loan on these terms granted you and your credit will ultimately be the co-signer.
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20 July 2024 | 2 replies
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