Sehyun Lim
Choosing a Long-Distance Rental Property: Where to Invest?
6 June 2024 | 8 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.
Johnny Martin
I am 22 years old and looking to get into real estate.
11 June 2024 | 7 replies
This is a horrendous idea for a young person who knows nothing about landlording and pre-supposes you can get a property first.Spend the last time in college learning and going to local meetups.
John Asher
Being asked to provide proof of rental payments for DSCR loan
10 June 2024 | 18 replies
I would imagine it's to prove you haven't made any late payments for your current residence in the last 12 months.
Harold Albertson
How to Structure a Private Loan to My Son for a Fix and Flip
11 June 2024 | 5 replies
You wanna see the sold comps last 6 months within .5 miles.
David Bunch
How Do You Leverage Technology to Enhance Tenant Satisfaction?
11 June 2024 | 1 reply
I use these on vacation rentals and a few long-term rentals and they've not failed me in 15 years.
Nathan Frost
Section 8 Investing
11 June 2024 | 11 replies
@Nathan Frost I'm one of those boring long term hold guys...
John Matthew Johnston
My Flaw with BRRRR.
12 June 2024 | 20 replies
At least in this last response you touch on some of your mistakes such as not asking the poster questions to clarify.
Don McAlpine
Selling a Tax Deed Property in Upstate New York
12 June 2024 | 16 replies
I completely agree with you - sometimes taking the quickest and simplest route is the best way to go, unless you're up for the long haul of the Quit claim or Title Certification process.
Huiping S.
End the short-term and switch to long-term.
7 June 2024 | 10 replies
As an accident to start a short-term rental for more than 3 years and wanted to end it. 1) The number from CPA for this short-term is worse than any other long-term rentals. 2) the time spend for this short-term is >=5 long-term rentals. 3) from Sep-2024, there are 6 books to the end of the year. 4) Insurance of short-term increased 27% and tax will increased without doubt.So tried to cancel all the reservation from AirBNB two month away.
Daniel Carlyle
A Real Estate Analogy
10 June 2024 | 8 replies
agree over the long term real estate should outperform stocks.