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29 April 2024 | 10 replies
I already got a letter from rent board saying i told them to leave which is false. yes this is SF,CA. people wonder why rent is expensive in sf its because landlord like us always get screwed by these tenant.
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29 April 2024 | 10 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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29 April 2024 | 7 replies
But a CRT simply to lower your tax bill will still end up with the bulk of the benefit going to the charity not you.These trusts are basically large properties in all different sectors that are owned in a trust structure originating in ...wait for it...Delaware.
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29 April 2024 | 5 replies
The rising costs can erode profit margins, make renovations more expensive, and increase holding costs.
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29 April 2024 | 5 replies
For simplicity sake, let's assume a 40% expense ratio, giving a net operating income (NOI) of $216K.If we were to buy at their asking price of $2.99 million, we'd be looking at a cash-on-cash return of 7.2%, and that's without factoring in capital expenditures or debt service.I'd say this one has a looong way to fall before it's a deal!
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27 April 2024 | 11 replies
If you have 500k in equity, not sure what the actual equity is: would you rather - repurchase your current property and assume and 2.6% rate ORfind some other investment that is made with the intention of being an investmentYou said the house is large and new - so current chances that you need major CAPEX is low but as this home ages and is in an expensive market realize that those updates will also be expensive.
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28 April 2024 | 1 reply
CLT renting prices are expensive, why not pay a little more monthly owning property that will appreciate in value
29 April 2024 | 248 replies
As my friend that syndicates for 40 years now says ( I look for upside high and lower risk ) deals.
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28 April 2024 | 19 replies
Covering the soft spots just masks the issue and likely leads to more expensive repairs down the road.His old is the home?
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26 April 2024 | 25 replies
A lower income, but willingness to sacrifice comfort in order to set yourself up for an abundant future.