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7 January 2025 | 27 replies
BUTTTT there is sooooo mcuh garbage out there that you'll have to sift through to find the gold and then you have to learn it, put it in proper order, THENNNN take action.
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31 January 2025 | 44 replies
I have done quite a few brrrr, but the market interest rate results in large negative cash flow when properly allocating expenses for a sustained hold.
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4 January 2025 | 6 replies
Additionally, ensure that all necessary notices for filing an eviction have been posted and properly documented in your records.
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7 January 2025 | 20 replies
It keeps things professional while giving you room to grow your expertise.I admire your perspective on keeping your parents’ resources separate from your own—it’s smart to want to succeed on your own terms.
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2 January 2025 | 1 reply
I have attended local meetups so that I can have a handful of experienced folks who have resources to share.
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9 January 2025 | 18 replies
The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.
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7 January 2025 | 11 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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6 January 2025 | 15 replies
Zillow actually is probably not a great resource for finding properties anyway.
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7 January 2025 | 2 replies
During my Longmont deal, I realized how important it was to have someone who not only brought resources to the table but also shared the workload and decision-making.
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3 January 2025 | 8 replies
It sounds like the proper expectations weren't set when you took them on.