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9 February 2025 | 3 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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24 February 2025 | 5 replies
Would love to hear your favorite calculators that you would like to see on the app this year.
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17 February 2025 | 1 reply
Many people in the past few years that were simply raising money for funds or syndications, are now in serious legal trouble.
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26 February 2025 | 8 replies
Hi Matthew, Congratulations for being in this business for 35 years.
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12 February 2025 | 2 replies
With rental increases I could prob pay off my mortgage in 5/6 years which would net me 4K.
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26 February 2025 | 10 replies
It was a single family home in San Jose that he bought 40+ years ago.
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20 February 2025 | 46 replies
Case in point, years ago we used Olympic paints from Lowes, which were carried for a long time.
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11 February 2025 | 16 replies
He'll have at least $2k per month in positive cash flow and tons of equity when it's time to find the next home in some years.
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18 February 2025 | 1 reply
Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.
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12 February 2025 | 2 replies
@Sam Avila Sr I'm just getting back into BiggerPockets myself as I was on here four years ago.