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25 April 2024 | 82 replies
You can find a lot of good statistical data online as well as jumping on google maps to view the neighborhoods.
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26 April 2024 | 11 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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25 April 2024 | 20 replies
To recap: Be extremely cautious with flat fee MLS sites that only refer business to other agents.Bonus PointsYou should also consider the ease of use of the flat fee MLS listing provider, for example, can you complete everything online?
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26 April 2024 | 1 reply
The voucher amount is based on factors such as the applicant's income and dependents so not everyone has the same voucher amount.
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26 April 2024 | 6 replies
That's tax free money and if you structure things right you can acces the equity, have a cash flowing asset, and use the depreciation of the home to write off against some of your income.
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26 April 2024 | 8 replies
I am learning the hard way that 2 bedrooms appeal to single parent families and students, 4 bedrooms appeal to dual income, or students.
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26 April 2024 | 1 reply
A prime location can result in higher property values, greater rental income, and a faster return on investment.
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25 April 2024 | 1 reply
Most brokers go to Spring EQ or Figure, but i'm sure there are some more aggressive banks or credit unions out there, or perhaps an 'online' bank.
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26 April 2024 | 12 replies
These all offer great write offs from the deprecation which can offset your income.
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24 April 2024 | 0 replies
You can use online platforms, social media, and word-of-mouth to attract renters.Manage the Property: As a landlord, you'll be responsible for managing the rental property.