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12 February 2025 | 22 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.
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7 February 2025 | 6 replies
hopefully your inspection went well. wish i would have seen your post earlier i would have been happy to help you out with your inspection. but to answer your question, there really isn't anything you need to "ask" your inspector to look for. if he is a good inspector he will know what to look for and what defects are major and should be addressed immediately and which defects are minor.
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20 February 2025 | 16 replies
I have owned/house hacked these properties for 8+ years and all expenses totaled up (including rehab projects upon purchase, major cap expenses, CPA costs, etc.) comes out to $1,200 per month.
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6 February 2025 | 58 replies
I have heard comments that homes in TX or GA need a major rehab after 10 years, builders use MDF for trim, pressboard under siding instead of OSB sheeting etc As an investor we buy 1960s homes, they have good bones and are worth an update.
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7 February 2025 | 1 reply
For many young Americans, buying a home has always been a major milestone—one that represents financial stability and long-term investment.
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17 February 2025 | 0 replies
The Worcester Fire Department, with support from District 5 City Councilor Etel Haxhiaj, has been advocating for the installation of sprinklers in multifamily buildings undergoing major renovations.
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10 February 2025 | 0 replies
The area is very desirable, great schools, restaurants, shops and major airports close by. 12 mins from downtown St.
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19 February 2025 | 32 replies
Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.
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6 February 2025 | 7 replies
Most any major metro area is going to have good demand for medium-term rentals.
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16 February 2025 | 10 replies
Also there is limited housing stock in and near dc because dc has height limits and the majority of the area is not densely zoned it's like any market - some areas are hot some not so much.