Munjal Adhvaryu
Investing from Canada
13 May 2024 | 21 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.
West Kite
What should I do? floating interest rate on new construction
12 May 2024 | 1 reply
If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.
Johnathan Mark
Seller Financing: Multifamily Property (Texas)
11 May 2024 | 10 replies
After 4+ years of riding up & dwn free funnel opt ins, only to end up on phone with clueLESS, gate keepers that know less about what they are selling than I did when I started...
Chase Caudill
Owner not providing proof of month to month leases
12 May 2024 | 5 replies
This is a big red flag for me, I’ve asked multiple times and haven’t gotten anything back.
Preston Henman
Starting Out in the DFW Market - Seeking Insight & Options
12 May 2024 | 2 replies
I would love to be of help back to you in any way that I can.
Gregory Greene
Best Cities to buy a multi family property in Arizona
12 May 2024 | 33 replies
I live in AZ, left to live in CA for 14 years, then moved back in 2007.
Jared Billman
Dealing With Angry, Homophobic Tenant
13 May 2024 | 13 replies
I would not converse with tenant in any format, as things could end up in court, if he declines to leave and has to be evicted etc. also don't confront in person, you said he is MMA fighter, good rules to live by include : Never get involved in a land war in Asia , and never anger a man with Cauliflower ears.
James Conaway
Section 8 renter approval criteria
12 May 2024 | 9 replies
You will likely get attitude, push back and a clear scenes of entitlement from them on all issues.
Gregory Herbert
I find it scary to be a landlord because there are so many laws
12 May 2024 | 6 replies
I suppose the things you mention could happen, but many of the 'things you put in the contract' are put there because one bad thing happened a couple years back and the attorney recommends it to prevent that bad thing from losing you money.
Gabe Morrell
Is Now a Bad Time to Start Out?
10 May 2024 | 19 replies
You start the eviction and get him out by the end of February.