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15 March 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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15 March 2024 | 3 replies
Investors purchase income streams, not real estate.What makes an investor agent?
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15 March 2024 | 14 replies
Can I ask what your occupancy % is currently and where it has to be for you to break even or generate net income?
15 March 2024 | 8 replies
(Someone to receive notices on your behalf)Residential income properties need a Transaction Privilege license in most locations (Rental Tax)Property Management is a specialty in the industry and it's very possible your sister has her license with a broker that doesn't allow her to do property management?
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15 March 2024 | 3 replies
I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.
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15 March 2024 | 4 replies
Typical rates are 8-12% of income either monthly or yearly depending on manager.
15 March 2024 | 3 replies
Kinda fun tbh.I ended up having 2 people just from talking and lifestlye (pets, kids, jobs), I picked one as they have a more consistent income and did a vetting on credit/background for around $40.Within 3 days, the vacancy was filled.RenovationNo property is perfect.
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15 March 2024 | 4 replies
Nothing wrong with renting out rooms which is called (Boarder income).
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15 March 2024 | 3 replies
Also, setting up one of the units as a medium term or short term rental to increase income.
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15 March 2024 | 21 replies
Adding a negligible amount of tax revenue through income?