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6 May 2024 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
6 May 2024 | 12 replies
You have to weigh the cost of a non-renew against the potential income you could make.
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6 May 2024 | 7 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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5 May 2024 | 9 replies
One of the biggest complaints with DSTs is the high cost/fees associated with them.
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5 May 2024 | 3 replies
I read everything on Carroll's website and scoured the web for all the cost information, etc. but I haven't been able to find anyone who's actually built with it.
5 May 2024 | 6 replies
Unless it's a tremendous amount of money, it will probably be more trouble and cost to collect than you're willing to get into.
3 May 2024 | 1 reply
For finding deals and reaching early retirement, new investors can get help in their financing by utilizing Creative Finance like Wraps and Subject To. Wanting to buy that second property? Tired of not finding deals a...
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6 May 2024 | 11 replies
Costs less than a motel.2.
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6 May 2024 | 8 replies
Since they are solely transaction based and don't have to deal with tenants after they move in:1) Many are only interested in getting their commission and moving on2) Many think they are doing everyone a favor by working with a lease client, because they could be making so much more working on sales transactions3) Many complain about screening processes as they only see them as:---Potentially costing them their commission if their client isn't approved or finds something else during the process---Slowing down their commission payment4) NEVER allow an agent to screen a leasing prospect as they have a conflict of interest!
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9 May 2024 | 28 replies
We end up going over budget on house flips as well, so now I add $20k to whatever I think it's going to cost and at times that's still too low.