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29 April 2024 | 20 replies
@Farooq K.The numbers just don’t work in most places with this low inventory, high price homes with higher interest rates.
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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 | 14 replies
The goal is to make sure you have high income, good credit score and enough assests and reserves to keep moving towards the next deal and dont max out on your first deal meaning do not max out your debt to income ratio as it can affect your borrowing power to acquire the next one.
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26 April 2024 | 44 replies
Once you determine if you need a license and are sure you are DF compliant, your other concern will be the quality of collateral and how much you are willing to lend against it.
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29 April 2024 | 31 replies
This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.
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26 April 2024 | 2 replies
We are certainly aiming to be the very best in the world at helping investors make quality real estate investment decisions.I’ve often wondered about this “real deal” thing.
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28 April 2024 | 3 replies
I am also figuring in the high mortgage rates that don't seem to be going anywhere soon.Thank you for any insight that you may have!
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28 April 2024 | 4 replies
Pros I can think of: - higher rent rates (renting by the room) - saving cost and time on upgrade - easier advertising Cons I can think of: - high turnovers - limited screening - possible wear and tear
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27 April 2024 | 20 replies
They were fairly highly rated, and performed well on my extensive screening interview (we went over an hour).
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30 April 2024 | 27 replies
We would consider a “walk-in castle bed with a slide” to be highly themed.