Lamar Athill
Best advice for first rental property
4 May 2024 | 18 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.
Dean Valadez
Question on write-offs and do's and don'ts
4 May 2024 | 8 replies
I am not trying to 'work the system' but I would like to know what is common/typical to do and what are some write-offs that draw questions/red flags.
JC K.
Property Management Software with Lending Features
4 May 2024 | 3 replies
However, those two options are too pricey for me.
Elaina Diaz
New member from Miami
4 May 2024 | 13 replies
How does it compare with typical mortgages these days?
Sam Silverman
Cash Flow for Capital Raisers/Fund Managers
4 May 2024 | 0 replies
One of the most common struggles for aspiring fund managers -- current cash flow.Many fund managers are struggling in the short term to produce cash flow for their business.In a typical structure, fund managers (specifically referring to folks who leverage SPVs to invest into specific deals or funds) -- may earn 1-2% upfront as an acquisition fee and earn the rest of their compensation in a profit sharing split once the preferred return to investors is achieved.
Daniel Packard
Do you ever lend 100% for purchase?
5 May 2024 | 7 replies
I might do a deal where I purchased the property and provided the “buyer” worth an option to buy for the period of the loan with monthly rent” payments equal to the interest payments on the would be note.
Theresa McGallicher
Short Term Rental Tax Question - Schedule C versus Schedule E
5 May 2024 | 17 replies
Most tax software has an option to specify that rental income is non-passive, and that's how you do it.
Justin Brin
Will you allow your tenant to paint the walls of your house?
3 May 2024 | 25 replies
I typically allow it.
Wahid A.
Rental management app that has a daily late fee charge option?
2 May 2024 | 7 replies
Hi all, Do you know any free or low cost app for property management that has a daily late fee charge options?
Bo Evans
Can you get a Equity Line of Credit on a MHP?
5 May 2024 | 4 replies
Current lien holder is going to be pretty much your only option.