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24 January 2025 | 42 replies
Sounds like a pretty easy way to get in over my head fast, but at the same time, it seems like an opportunity to pick up a property WAY under market value and there theoretically should still be plenty of meat on the bone.
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29 January 2025 | 9 replies
Under this scenario which strategy has the highest vacancy rates.
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19 February 2025 | 171 replies
Over promise and under pay then keep delaying.
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23 January 2025 | 15 replies
You can say the best out of the limited number of lenders they have signed up under their company but not in general to the vast majority or finance options under all banks and lenders.
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29 January 2025 | 22 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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19 January 2025 | 7 replies
@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price
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18 January 2025 | 5 replies
Under the PAL limitation, only passive losses can offset passive income.
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24 January 2025 | 36 replies
I was trying to work with them to buy more property in different markets and get it under a Master Lease with them but they have been really picky.
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20 January 2025 | 62 replies
there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip
17 January 2025 | 6 replies
Also If the names are correct i searched dca database and found neither license listed under the name or business.