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16 April 2024 | 13 replies
REPLY: You don't :)As Jeff said you can find general info about a property but you will not find any info in the county records that says this home has equity - that would be nice though :)Equity is a funny thing and many on here may have an opinion but Equity on paper is the difference between what it is "worth" (lots of definitions of that) and what you paid (or owe).
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16 April 2024 | 9 replies
As they say, your network will be your net-worth.7.
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16 April 2024 | 11 replies
For the investors making money typically they figure out the strategy and location that works BEST for their particular situation and then go all in on that!Â
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16 April 2024 | 3 replies
As they say, your network will be your net-worth.6.
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14 April 2024 | 25 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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15 April 2024 | 5 replies
However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.
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15 April 2024 | 10 replies
Mario - Taking a "paper loss" because of depreciation is typical from my perspective.
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15 April 2024 | 3 replies
You need to know what is typical for that sort of asset in your market.
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16 April 2024 | 7 replies
As they say, your network will be your net-worth.7.