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9 January 2025 | 46 replies
Early last year we started looking for our first tax planning partner.
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10 January 2025 | 1 reply
From what I’ve seen in Forbes, the infromation on market trends can also help pinpoint the best neighborhoods.One last piece I’d consider: do some legwork on rent comparables in the area so you’ll know your break even numbers from day one.
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16 January 2025 | 40 replies
In fact, you have to go out of your way to get the business name in there (I actually had to reach out to support to figure out how to do it, and ended up changing it back to my personal name) by putting the business name in the first name field and leaving the last name field blank.So in your example, "Lumen" would have put "Lumen" into their profile as their first name, and left the last name field blank.
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9 January 2025 | 6 replies
I have been buying and dealing with Real Estate for about the last 30 years.
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6 January 2025 | 2 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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18 January 2025 | 8 replies
But after nearly three months with no full payment, I feel like I need to take action.I recently told the wife (who I know works hard to support the family):“The last thing I want to do is evict you and leave you stranded, as that will stay on your record forever.
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7 January 2025 | 24 replies
Quote from @Bob Asad: If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?
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17 January 2025 | 12 replies
I have improved my vetting skills quiet a bit in the last year, so things are more stable now.
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17 January 2025 | 9 replies
Very little cash flows at 7% interest with houses that have doubled in price over the last 5 years.