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18 January 2025 | 7 replies
This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.
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16 January 2025 | 7 replies
You can buy a set of five for under $300, subscription for the recording software is $10 a month, then the cost of WiFi or hotspot.If you've already had a couple break-ins, you are obviously in a high-crime area.
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27 January 2025 | 11 replies
I highly recommend LIA (Landinvestor.co).
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29 January 2025 | 10 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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16 January 2025 | 1 reply
As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.
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16 January 2025 | 78 replies
If it's cheap, high crime area, proceed with caution.
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16 January 2025 | 13 replies
Until 2018, when it was closed due to low revenue and high maintenance costs 2.
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15 January 2025 | 14 replies
My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible.
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27 January 2025 | 21 replies
Most people that have been in school as long a you have develop high standards for themselves and others.
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18 January 2025 | 2 replies
I'd highly recommend attending some local reia meetings.