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7 October 2024 | 34 replies
After visiting these States, I just didn't see the benefit of investing in $200,000 in a B- class neighborhood in Ohio, which is a 5 hour flight away, when I could maybe invest a similar amount in the California Central Valley in a C class neighborhood that I could drive to when needed.
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7 October 2024 | 4 replies
Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!
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9 October 2024 | 9 replies
I can connect you with someone who offers a free underwriting class every Saturday.
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10 October 2024 | 19 replies
The area is probably a "Class C" location.Thanks again everyone
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6 October 2024 | 0 replies
Additionally, it can help maximize renovations and improvements.39.2% of the total depreciable basis was classified as 5-year class life.
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7 October 2024 | 15 replies
Go to a community college and take classes in accounting, finance, and real estate, math, and work towards a degree.
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7 October 2024 | 1 reply
Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal that allowed for the proceeds to be returned through the refinance.
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5 October 2024 | 1 reply
@Saurabh Kukreja we don't recommend investing via zip codes - too broad of an area.We've mapped out all of Metro Detroit and categorized Cities & Neighborhoods by Class A, B, C, & D.We take assisting investors very seriously, just read below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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5 October 2024 | 7 replies
@Aaron Kohanbash start with this;)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?