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13 January 2025 | 31 replies
You don't need to learn REI in your job, that's a side thing.
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16 January 2025 | 4 replies
You'll learn a lot just from starting out like that with little to no experience at all (cosmetic renovation cost, managing current tenants, leasing out a unit).
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18 January 2025 | 18 replies
If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.
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6 February 2025 | 12 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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16 January 2025 | 4 replies
* Finally, could you recommend any valuable tools or learning resources?
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13 January 2025 | 1 reply
There are four key principles that guide me:- Consistency is everything- Never stop learning- Take Action- Value relationships over everything else1) Consistency is everything There are multiple things that I do every single day- Read – 10+ minutes.
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27 January 2025 | 7 replies
Also who pays servicing fees. if curious to learn more reach out.
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16 January 2025 | 15 replies
If there is one thing I have learned, is nobody is going to charge you a fee to learn to get rich lol.
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14 January 2025 | 2 replies
Great investment, a lot of learning, and a good ROI Lessons learned?
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14 February 2025 | 6 replies
I've been a financial planner for 17+ years and one of the main umbrella theories I've learned is that often times, the simpler things are the better they are.