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2 January 2025 | 4 replies
FHA loans may allow for lower down payments if the property will be owner-occupied.Owner Financing or Creative Offers:Explore properties where sellers are open to owner financing or lease-to-own agreements.
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3 January 2025 | 3 replies
This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.
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1 January 2025 | 5 replies
. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.
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11 January 2025 | 49 replies
The rates aren't great, but it will lower our immediate out of pocket expenses over the next 5 years so I am happy with it.
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17 January 2025 | 24 replies
PROS of a Solo 401(k) with no Custodian: 1) Freedom of checkbook control, ability to more easily move funds in and out of a bank account in the name of the Solo 401(k). 2) In some cases, lower fees. 3) Ability to more easily link your Solo 401(k) to bank account systems like rental property management systems, or if investing in real estate syndication platforms.
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4 January 2025 | 25 replies
If I only invested in REIT's or stocks 5 years ago when I started, my net worth would be 95% lower than it is today.
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3 January 2025 | 42 replies
BAM Capital is excellent in identifying opportunities with a high "yield on cost" which reflect their experience to operate Class-A properties at much lower costs.
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6 January 2025 | 28 replies
I got the terms mixed with open mortgage (no penalty to pay off early, but higher interest rates) and closed (more typical mortgage with lower rates, but the penalties to pay off the mortgage)...that'll teach me not to post too early in the morning :)
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31 December 2024 | 2 replies
There are accountants who say that applies to the opportunity to discount sale and/or basis shift to further lower the tax bill.
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15 January 2025 | 24 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.