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4 January 2025 | 9 replies
The only exception I use is when the property is a high-end unit.Informative title makes your property look like a cheap business but it is still way better than common titles like cute, adorable, cozy.If you are charging over 1k per night, I think it is better to give more high-end title like Stay with 30,000 trees, tingle your inner artist with lake front retreatJust my opinion :)
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8 January 2025 | 11 replies
I would say 225k around average to stay out of high risk zones.
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8 January 2025 | 7 replies
They claim to charge in the "high 4 figures" - one web source says it's $4800 - to join their group and get access to their network and resources.
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29 January 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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29 January 2025 | 32 replies
There are a lot of high character folks who get sucked into garbage Co-GP style guru programs.
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6 January 2025 | 2 replies
These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.
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22 January 2025 | 21 replies
interest rates and prices are high and people are contorting themselves into pretzels to try to buy.
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5 January 2025 | 11 replies
High LTV purchased at retail (off mls) has large initial negative cash flow- regulations are tenant friendly.
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6 January 2025 | 2 replies
Crime and homelessness in the areas where you could get more cash flow is still pretty high - which is a bummer.
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6 January 2025 | 3 replies
One property the square footage was high because they assumed both florrs were same size and they were not.