Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
Get to get in, make sure its clean, everything is in good order, change out filters and such to make sure its done properly and also make sure nothing is broken
Craig Bowman
New to realestate investing
28 October 2024 | 9 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
Bryneeca Easter
Land Developers, Investors ,
28 October 2024 | 5 replies
But I do think you need all those tools all the SM to get yourself out there and then proper follow up its a belly to belly bizz you need to talk to people live in person. 3.
Steven Mendiola
How Hard is it to Find Tenants?
31 October 2024 | 18 replies
What's more important is that you learn how to screen properly and then enforce the lease to keep peace in the home.
David B.
Does satisfying the first mortgage clear out the 2nd LIEN?
28 October 2024 | 8 replies
Stat. 720.385) So if the junior lien holders were properly served, their interest should be extinguished.
Jonathan Weinberger
Managing 1.1M portfolio. Doubling it with Section 8!!
30 October 2024 | 22 replies
Proper vetting of tenants is important.
Kyle Jacques
Do I keep my reservations if I leave my management company?
23 October 2024 | 10 replies
However, this often requires negotiation with Evolve and coordination with guests to ensure a smooth transition.Cancellation Penalties: Be mindful of any cancellation clauses in your contract with Evolve.
Nick Zupec
MTR lease with a corporation
24 October 2024 | 7 replies
The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.
William Coet
Whats better than this return?
28 October 2024 | 7 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
Abel Eskinder
Hello Everyone reading this, I'm New to biggerpockets and here to learn and grow!
27 October 2024 | 15 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.