John Friendas
Curbside Auction House Not Like Listing
6 January 2025 | 7 replies
I only see 5 beds and 4 baths in the listing and do not see that third efficiency unit in the listing pictures.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Scott K.
STR insurance - Proper alternatives?
8 January 2025 | 13 replies
It doesn't cover any loss of income due to your rental being repaired.
Ruben Diaz
HELOAN for hard money reserves
10 January 2025 | 3 replies
I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it.
Ezra Avery
Hello & Thank You
7 January 2025 | 5 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)
Henry Clark
Self Storage- security system success
2 January 2025 | 2 replies
Below are pictures of the infrared beam system that is our motion alarm.
Mattin Hosh
Assist in Turnkey
9 January 2025 | 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Colleen A Levitt
DSCR out of a DSCR?
9 January 2025 | 15 replies
Assuming the ARV you mentioned is accurate, at 75% LTV you'd be able to pull enough equity to cover your existing payoff, refi costs and walk away with a good chunk of cash in your pocket.
Devan Praska
Anyone Use/Make a "Homeowner's Manual" For Single-Family Home?
5 January 2025 | 5 replies
With pictures and guides to anything that may be helpful for the tenant.If so, how was this received by the tenants?