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9 December 2024 | 16 replies
@Raj Vardhan, in my limited experiences, 6 or 12 month seasoning is common if you want to borrow based on new appraised value.
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19 December 2024 | 82 replies
Another old buddy in San Antonio picked up a modest fourplex a few years back, and while it never turned into a headline-worthy success, those steady rent checks stacked up over time as local employers brought in fresh workers.
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5 December 2024 | 25 replies
The first rehab he led turned out nice, but at times was rough because we have a different relationship than most employee/employer.
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17 December 2024 | 36 replies
The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.
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9 December 2024 | 5 replies
I'm curious if million dollar lawsuits are even that common that.
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9 December 2024 | 14 replies
I'm probably overthinking this, but is it common practice to provide any kind of cable TV or Netflix etc. in a STR?
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12 December 2024 | 20 replies
I'd say, probably not.Just trying to have you people act like you all have SOME kind of common sense/decency!!
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30 December 2024 | 819 replies
I want to answer so it benefits this Thread.first most of what Morris is selling is D class not C class its bottom of the barrel hood rat properties.SEcond that tenant class .. is renting for the cheapest rent in the US ..these folks are a flat tire away from not paying rent.when you rent for 600 .. its common to put them into the unit with only 2X the rent If they even check qualification and from what I am hearing in feedback they don't do that PM is weak at best.so here you are your making 1,200 a month and have 600 rent.. that leaves 150 a week to live on.so do the math .. very difficult for these folks to maintain continuity to their life.. and lets say they get in with 3X rent.. that's 1,800 a month minus taxs say 1,500 car utls food etc.. you can see what tight wire they are at.Take B or A class renter at 3X rent... rents 1,200 3X verifiable is 3600 a month ... leave 2,400 a month to live on .. not 600 or not 900...
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8 December 2024 | 8 replies
PayPal is the only commonly used app in this country that handles transfers between countries and it is quite expensive.I've chosen wise.com for my international exchanges.
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30 December 2024 | 89 replies
Now if you're pitching to the common landlord that is more dabbling in LTR and not business minded, that's a bit different.