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11 March 2024 | 6 replies
@Ryan Larsen what @Nicholas L. states is pretty true.Being a PM is NOT a high-paying, often not even a well-paying job.If you're set on that strategy, start calling up local large apartment complexes and asking if they are hiring.
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12 March 2024 | 7 replies
I have found that it is much more beneficial to hire a CPA that is highly qualified in real estate rather than one locally.
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11 March 2024 | 13 replies
@Theresa HarrisWhat bank(s) or products give you high yield percentage now?
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12 March 2024 | 6 replies
@Dionne Ladson The proof of the pudding is in the eating.True private money (e.g. a high-net worth at your local REIA) is going to be more flexible, but make you vet them before diving into a borrowing relationship.
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12 March 2024 | 250 replies
The data reached an all-time high of 108.500 % in Mar 2012 and a record low of 94.900 % in Dec 2021.
11 March 2024 | 4 replies
Due to the current high interest rates and prices, many investors are choosing to increase their down payment to ensure a positive cash flow even in the not so "nice" areas and plan to refinance in the future.
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11 March 2024 | 10 replies
Hey @Seallington Touch, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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12 March 2024 | 24 replies
I expect high 3800-4100.
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11 March 2024 | 8 replies
You can refinance out of a high rate.
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12 March 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.