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15 January 2025 | 10 replies
Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.
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10 January 2025 | 20 replies
Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).
3 January 2025 | 10 replies
To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.
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30 December 2024 | 16 replies
I am about to buy a house in an area with a Rabbo score of 36 or so.
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19 January 2025 | 354 replies
When I checked it out the fund he spoke of was making unsecured working capital loans to businesses with no credit.
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3 January 2025 | 12 replies
They’re now asking if the pet deposit can be refunded or credited toward their January rent to help them during the holidays.The tenant was apologetic about making this request and acknowledged it might not be typical.
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28 December 2024 | 11 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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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7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
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7 January 2025 | 3 replies
Run a credit/screening report on yourself.
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12 January 2025 | 23 replies
My first ad budget was $295.00 credit I got from my local news paper.