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30 April 2024 | 6 replies
I thought that seemed high but I could be wrong.
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28 April 2024 | 18 replies
Good rentals but New Port Richey is a high crime area.
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29 April 2024 | 10 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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29 April 2024 | 10 replies
C+ Neighbourhood13 Unit Apartment Building (Link: https://www.loopnet.com/Listing/7828-S-Essex-Ave-Chicago-IL/30374409/) The average Rent is $1400-1500 (to be safe $1300, but I am extremely confident that I will be able to rent higher adding value and convenience to the tenants and treating them as a bit with a higher level of service) - $16,900 at full occupancy and ~$12,000 at 70% building.
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29 April 2024 | 0 replies
I am glad to be a part of your huge community and I hope to bring as much value as possible while I grow.Thank you in advance for all of your answers and I wish you even more profitable deals!
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27 April 2024 | 7 replies
I would under-react about the house cleaning as they will be quick to retort that they are in the process of moving - just state that it would be helpful to have the apartment "show well" so you can get this part of the process over with and both you and they can return to preparing for the transition.
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29 April 2024 | 0 replies
High cash flow high value add Lessons learned?
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30 April 2024 | 25 replies
Tell the kids they are joining the Navy out of high school.
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29 April 2024 | 0 replies
You can continue to compound the growth of your portfolio while deferring your taxes.You are looking to diversify your assets: You can exchange your property for a different type of property - commercial space, residential home, apartments, etc.When to consider utilizing both strategies?