Allende Hernandez
Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
@Allende Hernandez I credit back the amount for the screening on my first month’s rent.
Michael Klinger
Ideas on $25K loan for multi-family working captial?
6 January 2025 | 11 replies
This relative to my situation, is a super modest amount of funds.
James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
So yes, to me, CA has a SIGNIFICANT amount more of homeless than what I am used to seeing, because IT DOES.
Victor N.
Tenant Refusing To Turn on Heat In Winter In Order To Save
18 January 2025 | 36 replies
Of course she won't have money to fix anything and I just spent thousands to fix the water damage from the previous tenant, who also didn't turn on the gas.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 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.
Josh Lansberry
Time to get started
9 January 2025 | 5 replies
@Josh LansberryWelcome to the community and be ready for a huge amount of information at your finger tips.
Natalia Perlova
Tenant claims there is no heat, and it's Christmas
31 December 2024 | 57 replies
She denies and keeps texting me every day to "fix the furnace".
Julie Muse
Highway 64 Transformation: From Fixer-Upper to $200K Success!
6 January 2025 | 0 replies
Investment Info:Single-family residence fix & flip investment.
Ilia Zakharav
Convert 6 unit multifamily into condos and 1031 individual units
6 January 2025 | 1 reply
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.
Tanner King
Analyzing a House Hack (First time buyer)
6 January 2025 | 13 replies
Are there a decent amount coming on the market, or is there like 1 a month?