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9 January 2025 | 2 replies
That’s because it can include renting furniture and decor to more fully transform a space.How Do I Know Which One To Pick?
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6 January 2025 | 4 replies
Brokers acting as paper pushers and contract writers will obviously charge alot less than a broker taking on all responsibilities including marketing.
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6 January 2025 | 13 replies
My application includes an acknowledgment that everything is true and complete.
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25 January 2025 | 155 replies
Probably notAs you already know, there are no guarantee's with investing which includes lending.
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7 January 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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6 January 2025 | 3 replies
Another property assessment included another home that had been demoed/removed before we bought the property.
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9 January 2025 | 116 replies
. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.
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10 January 2025 | 21 replies
@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.
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14 January 2025 | 329 replies
It added new stipulation, including the ability for housing providers to get 100% back rent owed even for tenants that have moved out already.
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7 January 2025 | 4 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.