Andy Oshodi
House Hacking in state or Section 8 out of state?
12 March 2024 | 7 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.
Kevin S.
What would you do?
12 March 2024 | 75 replies
@Jaron Walling My guess is you are probably spoiled having gotten into the RE market before this high tide?
Matthew Anderson
Considering a Refi and Sale of a Flip
12 March 2024 | 24 replies
I expect high 3800-4100.
Neetu Patil
About section 8
9 March 2024 | 2 replies
The government pays a portion of the rent directly to the landlord, while the tenant pays the remaining amount based on their income.Get your property approved: Before you can rent to a Section 8 tenant, your property must meet certain housing quality standards (HQS) set by the Department of Housing and Urban Development (HUD).
Amy Biddle
Establishing the entity and tax plan before I purchase
11 March 2024 | 3 replies
I'm still learning about what's realistic and possible, so I don't have this number yet- minimize taxes- protect liability exposure- if SDIRA is the right answer, the fees for custodians looked high - but moving the money will means saving my capital against market loss in my current Roth at the next downturn, so maybe the fees pay for the added security and additional benefits of REI.It's helpful to write this out.
Ryan Kraai
Short term rental - Orlando Fl
11 March 2024 | 3 replies
However, I would highly suggest that you look at larger homes whichever community you look at.
Angelica Valde
Will cash-out refinance affect rezoning property from residential to commercial
11 March 2024 | 7 replies
The rate will be high but you won't have to provide any income documentation or leases.
Shelley Peever
Hold or Sell?
11 March 2024 | 12 replies
I went to High School with the Mortimer family!
Dina Schmid
Analysis Paralysis on Personal Use + STR Vacation Home
11 March 2024 | 17 replies
Lastly 30% is too high for a STR management company, especially one that says how often or how long you can stay at your vacation home.
Matt Nettles
Michael Blank Mentoring?
11 March 2024 | 39 replies
For example, there are many networks and conferences of Ultra high net worth individuals at the billion dollar and up level that gather all over the world at conferences looking for opportunities (prior to Covid-19 of course).