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13 January 2025 | 45 replies
If you can come up with an extra 1.5% and finance with a conventional loan you have none of those downsides, a lower monthly payment and PMI only until you hit 20% equity
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24 December 2024 | 1 reply
Access to MLS is one of the best reasons for investors to get their license since it's such a low bar to entry and low annual fees for that and access to all dumps on the market.
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4 January 2025 | 67 replies
This way they are importing lower cost material and paying lower tariffs.
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31 December 2024 | 3 replies
15 year fixed mortgages are very underrated a 200bps spread is enticing as well as lower transaction costs.
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7 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.
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30 December 2024 | 8 replies
In a slow market homes sit and rot, they are on the MLS forever and the longer it sits, the lower the price goes to find the sweet spot for just the perfect buyer.
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30 December 2024 | 103 replies
We will pay off a few more loans with smaller balances, even though they are lower interest than what we are getting on new acquisitions.
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14 January 2025 | 27 replies
Disappointed they put the septic tank relatively close to the house, even though the lot is over an acre.Neither Suncoast nor SI disclosed they were building other homes and marketing them for rent at the same time -- at a lower rate.I went under contract to buy a home in Ocala from SI in Summer 2018.
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6 January 2025 | 9 replies
I just saw today that I might finally have a second tenant placed (Both to pay $1250) but I’d still like to fire her and hire someone with guarantees around tenant placement and that charges a lower percentage.
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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.