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26 October 2024 | 11 replies
Just make sure you collect more data before making a decision.
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20 October 2024 | 8 replies
If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.
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18 October 2024 | 8 replies
Does anyone recomend a Rent recovery service or collections service that will go after a tenant who doesn't pay rent or skips out on the rent and leaves.I have their social etc. and they owe me 3 months of rent about $4500 and trashed the place.
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3 November 2024 | 56 replies
I’m just focused on discovering FOR LATER if it’s a criminal offense for the lender (and borrower) to inflate the payoff for the sole purpose of collecting more $ especially now that it never closed and the prior lender refused to even assign me their lien and the borrower had already used some of the money so OFCOURSE the lender wouldn’t send the money back or they’d be out the extra $ they sent to the borrower that was already used.
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24 October 2024 | 4 replies
Quote from @Yixiong Pan: It's possible, but it's also possible that the tenant will destroy your house and you'll never know.Managing investment property involves more than collecting rent.
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25 October 2024 | 17 replies
The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.
26 October 2024 | 6 replies
Low cap rates because you dont have to do anything, just collect the 4% or 5% like a CD at the bank.10% Properties are going to be more involved.
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23 October 2024 | 4 replies
We are all familiar with buying or originating a note and collecting the interest until the notes pays off.
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29 October 2024 | 33 replies
I am sure many would consider other investment strategies besides continually recycling their capital collecting homes that are propped up with appraised values that are not attainable if the properties were marketed for sale.
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27 October 2024 | 13 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.