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13 January 2025 | 14 replies
I agree with the other posters...25% down seems a bit high.
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15 January 2025 | 9 replies
I highly recommend going to meetups and talking to investors in person.
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26 January 2025 | 13 replies
That said, I’d still highly recommend Hospitable to others.
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23 January 2025 | 24 replies
Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.
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5 February 2025 | 205 replies
Hopefully things continue to progress, and you come out on top with a huge equity position/high cash flow when it's all completed.
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23 January 2025 | 52 replies
Also in many areas prices are very high.
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13 January 2025 | 17 replies
Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?
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14 January 2025 | 10 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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13 January 2025 | 11 replies
I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.
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9 January 2025 | 5 replies
And you get feedback at a level high enough to determine how to proceed.