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5 January 2025 | 11 replies
Are you chasing career opportunities or a lower cost of living?
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31 December 2024 | 49 replies
Instead of $500 off the first months rent, have you considered lowering the rent by $40 dollars per month?
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6 January 2025 | 9 replies
I just saw today that I might finally have a second tenant placed (Both to pay $1250) but I’d still like to fire her and hire someone with guarantees around tenant placement and that charges a lower percentage.
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2 January 2025 | 7 replies
As far as rates I see them declining slower than expected but lowering nonetheless.
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2 January 2025 | 12 replies
I am buying a property for 144k that appraised for 247. the property was lowered to this number after sitting for a year. needs 25k in repairs, and will rent for 1350-1450.
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11 January 2025 | 12 replies
I’m also making the property my primary residence to lower upfront costs, effectively turning it into a house hack.With this setup of me now occupying a room and not including utilities.
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2 January 2025 | 36 replies
Research landlord-friendly states with lower property prices and strong rental demand, like Texas or the Midwest.
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11 January 2025 | 49 replies
The rates aren't great, but it will lower our immediate out of pocket expenses over the next 5 years so I am happy with it.
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1 January 2025 | 4 replies
when I used a capital gains calculator online, if I put zero money down and put the 2 loans, the cap gains is a lot lower than if I just recorded 1 loan and entered the money from the downpayment loan under cash.
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15 January 2025 | 24 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.