5 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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6 May 2024 | 4 replies
The rebound came suddenly amid still very high interest rate environment.
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9 May 2024 | 43 replies
It can’t get easier than that.LOL the advice given to high net worth individual is to tell them to become an uber driver for a few hours a year?
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6 May 2024 | 7 replies
If you feel the property is performing well you can keep it.
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6 May 2024 | 3 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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6 May 2024 | 4 replies
Are interest rates just too high now to buy a rental property?
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6 May 2024 | 8 replies
@Gillian Thackray It's actually quite surprising the PM you use is not effective or perhaps not motivated to perform the leasing duties effectively but appear to be fairly competent with the day to day management services.
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7 May 2024 | 7 replies
Run your numbers and stick to them- note that maintenance costs are still high, so pay careful attention to your numbers.
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5 May 2024 | 2 replies
STRs and MTRs are a lot more effort than LTRs and my STR/MTR units are not currently performing well enough to justify the increased effort.
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8 May 2024 | 33 replies
I think they do a lot of work in high rise buildings where clearing a line affects 20 units at a time.