27 December 2024 | 16 replies
In this way, neighbors may not even be aware its for sale until after it goes under contract.
28 December 2024 | 11 replies
We went in with what we hoped would be the winning offer because this is the one that checked the most boxes of everything we'd seen in months and we really like it.Am I even under contract for this property with everything in the address being wrong?
28 December 2024 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
28 December 2024 | 12 replies
So I may be okay breaking even the first year or two.
27 December 2024 | 8 replies
If I had grasped this concept five years ago, my achievements today would be even greater.
27 December 2024 | 34 replies
- Trying to meet the unrealistic expectations of newbie investors is tough/impossible for even the best PMCs!
27 December 2024 | 3 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
27 December 2024 | 66 replies
Title cos are slowing down and even going out of biz.
28 December 2024 | 13 replies
At this point, we are all unsure who is even going to provide the K1s for 2024 but I'm sure that'll be figured out soon.I will say that it seems that David Zook is really trying to figure this out for us, and himself, but I don't see how we get our money back at this point unless Heller provides the $120M+ that the court has ordered him to.
27 December 2024 | 8 replies
Sometimes we see large amount of equity in a primary residence that can be borrowed against, even in 2nd position if it has a great rate that you don't want to lose.