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21 February 2024 | 9 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.
21 February 2024 | 51 replies
Don’t you want/need the SSN for a decent background check and income verification?
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21 February 2024 | 7 replies
HI John, You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
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20 February 2024 | 6 replies
Loan approval is mostly based on projected rental income, similar to commercial properties.Disadvantages - higher interest rates and can be a riskier investment.
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20 February 2024 | 5 replies
I have no income as a student, but have money for a down payment.
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20 February 2024 | 5 replies
Build and nurture as many relationships as possible so you can use the commission/extra income from these deals to put towards your next investment property!
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20 February 2024 | 4 replies
She declares bankruptcy/pays off those cards with the cashed from the sale and moves forward investing as a business entity.additionally, her personal residence is income producing as well since she rents out two rooms on Airbnb and runs her cleaning business out of an office there. my questions are1.
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20 February 2024 | 0 replies
Income, and solid foundation for future investments Lessons learned?
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20 February 2024 | 3 replies
My income is great, and my credit reports are spotless.
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19 February 2024 | 4 replies
Hello,Has anyone heard of or invested with a group called IPG Fixed Income Fund or their IPG Fixed Income REI fund?