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29 December 2024 | 5 replies
Any of these will leave you in a much better position for success, and provide a greater income while you learn.
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29 December 2024 | 16 replies
Lastly, running an MTR is partially hospitality (like STR), but it is also a sales position (like all commerce).
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9 January 2025 | 116 replies
I am looking for a bank to carry 75% to 80% of the purchase price in 1st position, and have the seller carry a small 5% to 15% 2nd position note on the property.
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26 December 2024 | 3 replies
It sounds like you're in a pretty good position with some nice options.
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28 December 2024 | 8 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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4 January 2025 | 26 replies
When you analyze a deal as an LTR so you can pivot if necessary, you are in a much stronger position.
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6 January 2025 | 25 replies
I was in the position of considering renting to someone with a pittie.
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27 December 2024 | 4 replies
If you are not going to leave there at all, and you can't do Bill 23 or have any value-add to get to positive cash flow, then NO, don't do it.
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28 December 2024 | 7 replies
I plan on my income jumping a fairly good amount, especially since I will transfer to working a full time position.
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30 December 2024 | 819 replies
Thanks for your positivity.