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12 April 2024 | 4 replies
Much less expensive than google PPC ads.
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12 April 2024 | 1 reply
It will probably not positively cash flow while you are living in it (unless you make some changes that I will get to in a sec) but it would still be a win because you would be paying down a mortgage rather than renting and I imagine your monthly housing cost might end up lower, AND you will now benefit from appreciation.
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12 April 2024 | 27 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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10 April 2024 | 2 replies
Sometimes it's hard to find good plumbers, and if you've already talked with the owner and they didn't compensate you or lower the cost, to me, that seems unreasonable.
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12 April 2024 | 6 replies
Any conventional loan products for property in a flood zone (not sure what flood zone 9 is) requires flood insurance, which can be very expensive, and rates have been rising each year.
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10 April 2024 | 5 replies
Rent: $4,250/ moMonthly expenses (including management): -$600Monthly Mortgage/ taxes/ insurance etc: -$2,550thanks
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12 April 2024 | 5 replies
Having professional remediation is unbelievably expensive to pay rent on all of the equipment, monitor moisture content multiple times daily, and ultimately cut out some of the sheetrock to replace it.
12 April 2024 | 24 replies
Quote from @Michael Smythe: @Alex Rivera Jr. look into FHA 203(k) which allows you finance repairs when you purchase.Then you can look at fixer-uppers that have less competition to buy => lower price!
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12 April 2024 | 5 replies
This person probably sites on the internet and thinks they know what they are talking about but again 100% clueless.Rental Pricing Regulations 99% of the time HUD pays MORE than cash.in OH anyway.Risk of Renting in Lower Income Areas SEC 8 prop can be anywhere, NOT just low income, I have props in the best areas in Cleveland.
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11 April 2024 | 4 replies
This lowers your potential return further.