Jason Allen
A class vs C class
27 February 2024 | 2 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.
Whitney Leighton
Mortgage Points on Owner-Occupied Multiplex
26 February 2024 | 3 replies
Can you explain what you mean about paying points when rates are high?
Dylan Garber
Paid Mentorship Value
27 February 2024 | 15 replies
The cashflow was not as high as they advertised and they do take a $5,000 fee.
Christopher Villa
Bank Owned Properties @Auction.com
27 February 2024 | 26 replies
@Christopher Villa I feel as if our auctions around here have a ridiculously high reserve price that is never met.
Kenneth Hynes
Old Wood floors - Replace - refinish ? Keep ?
28 February 2024 | 48 replies
No one else has apparently noticed, but that's high-grade narrow-strip hickory.
Tyler Speelman
Resident complains of “musty smell”
27 February 2024 | 2 replies
I highly recommend you learn the law and educate your tenant that she is not allowed to withhold rent unless she follows these steps completely.
Tom Irtis
What are the best neighborhoods to invest in single family homes in Oklahoma City?
26 February 2024 | 7 replies
Prices are going to be a bit higher on the NW side of the metro near high end areas like Quail Creek and Nichols Hills.
Jesson George
Seeking Financing for a 10-Unit Apartment Building: Recommendations Needed!
26 February 2024 | 12 replies
In the volatile market we have today a fixed rate loan will carry a high rate if you can find one.
James Carlson
Mountain homes uninsurable b/c of wildfire risk?
26 February 2024 | 11 replies
I read news about insurance companies pulling out of high-risk areas, but this week is the first time I saw it affect a deal of mine here in Colorado.My clients were under contract on an awesome STR property in the mountains west of Denver.