Holly Thorsen
Lending question re: HELOC/loan options
28 January 2025 | 4 replies
You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.
Melissa Sejour
How do you research the best areas to invest in?
29 January 2025 | 11 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.
Remi Anders
Is only PO Box address acceptable in rental history?
30 January 2025 | 3 replies
Applicant 1 has 509 credit score.
Gamal Harding
Columbus Lands Another Large Tech Firm! 4000 Plus Jobs Coming
18 January 2025 | 7 replies
Whether it’s developing new housing complexes or refurbishing existing ones for higher-end rentals, the opportunities for capitalizing on this growth are vast.The decision by Anduril Industries to set up shop in Columbus is a game-changer, signaling a major shift in the city's economic landscape that savvy investors should not overlook.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
Some parcels are actually worth as much or more after the credits are clipped as before.
Jemini Leckie
Out of State Cash Flow
29 January 2025 | 11 replies
The vast majority of contractors won't want to give bids on properties while under contract unless they have a relationship with that person from prior jobs.
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
27 January 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.
Jorge Caceres
Utilities included worth the risk?
7 January 2025 | 28 replies
To address this, the lease will clearly state that any credit will be returned at the end of the lease term.
Jack Traffanstedt
Real Estate Investment and Management Concentration
28 January 2025 | 3 replies
I am currently a junior business marketing major with a concentration in professional sales at Samford University.