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23 January 2025 | 45 replies
@Jerell Edmonds is right that many of us, including myself, waited because of fear and feelings.
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21 January 2025 | 4 replies
Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.
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14 February 2025 | 161 replies
That includes compounding returns basis.
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29 January 2025 | 14 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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17 January 2025 | 4 replies
I’ve been thinking about partnering with a successful wholesaler and seeing if they will expand their operation to include the zip codes I am interested in.Example: I would like to partner and give money to a successful Detroit or Texas wholesaler and see if they are willing to add my Georgia target market to their operations.Before moving forward, I wanted to get some feedback and advice from those who are wholesalers or who have partnered with wholesalers.Has anyone ever heard or have experience in a partnership like this?
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3 January 2025 | 26 replies
Really surprisingly bad reporting.
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16 January 2025 | 3 replies
I've even had tenats bring their own range, but usually that's included in the lease as are dishwashers.
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18 January 2025 | 8 replies
They host regular meetups, workshops, and networking events that attract investors across all levels, including those focusing on multi-family and commercial properties.
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9 January 2025 | 46 replies
And $5,000 poorer.Over the course of our relationship, we barely used 10 hours of their time, including the onboarding, the meetings and email communication.
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19 January 2025 | 10 replies
Quick rundown on text messaging rules Get Permission: You can’t text someone unless they’ve given explicit consent (like through an opt-in form).Opt-Out: Always include an easy way for them to unsubscribe, like "Reply STOP to opt out."