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27 February 2024 | 7 replies
@Jack QuinFor us, a 530 credit score is a no-go from the start. 3x income is great, but they do not pay their bills.When I self-managed and listed on Zillow or any other platforms, I usually would initially assess people by speaking to them on the phone. 2-5 minutes on a phone call with a prospective tenant will give you a good idea of what to expect.
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27 February 2024 | 17 replies
Could help you to branch out into other neighborhoods.Some of these ideas came from when I helped my parent move...
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26 February 2024 | 7 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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27 February 2024 | 10 replies
I hate the idea of wholesaling but gonna give a shot for the sake of building capital.
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26 February 2024 | 16 replies
I am ready to start investing and make a move but I feel like I'm all over the place with ideas and I'm having a hard time coming down to one goal/strategy.
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25 February 2024 | 2 replies
Just make sure you send a proper late notice, offer a quit notice with amount and final due date.
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25 February 2024 | 17 replies
The vibe I got from the initial talk sounded like they assumed the cool areas of ATL proper would be sought after…maybe by the more established, high paid actors.
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26 February 2024 | 2 replies
@Nick JohnsonI usually support the idea of buying first where you live.
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26 February 2024 | 17 replies
(just be sure you have the correct specs, so everything matches up properly)