5 May 2024 | 7 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, many blemishes, but should have no evictions in last 2 years.
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6 May 2024 | 9 replies
Turnover is going to take at least 30 days and have some hard costs.
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4 May 2024 | 5 replies
Only a small percentage cost more than I have on hand, and that number goes down each year as I improve my business model.3.
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5 May 2024 | 64 replies
They can be ok if you buy mainly for your own use and want to be far away from the hustle and bustle and rent to just cover your costs.
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4 May 2024 | 12 replies
a flip requires CASH for closing costs and points, a down payment, holding costs, costs to cover any overage you weren't able to borrow...so, the issue with flipping is that (1) it takes capital, and (2) the return is 6-12 months out.
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4 May 2024 | 3 replies
And to add to the stress, we took out a loan to cover the costs, and now we're watching our hard-earned cash disappear with each passing day.In this moment of desperation, I reach out to this community for assistance.
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4 May 2024 | 23 replies
Hey Mario, yes out-of-state investing can work well especially if you're in a high cost of living area.I invest in Detroit and live in California.
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4 May 2024 | 7 replies
Do you have the cash to rehab a property on top of the 20% down payment and closing costs?
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5 May 2024 | 15 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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1 May 2024 | 1 reply
What are the typical costs do so?