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Updated over 8 years ago,
ADCB
After listening to many podcasts, my thoughts behind the letter classifications of RE has become quite clouded. I still have a good idea of A n D properties are (I think lol) but it seems like everyone's definitions of what each are can vary drastically from person to person so I was hoping I could get a bunch of thoughts together so I can come up with a better idea of what they will be to me. With that being said...
What determines what group a property is placed in? Economics? Location? Cash flow? Ease of manageability? How fine of a line is it between B class and C? Can a D class be turned into an A class? What would need to happen to a property to lower it from an A to a C?
And...*opens floodgate*
Much appreciated in advance