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19 February 2025 | 2 replies
This post reflects my personal experiences and opinions, so always do your own research before making any final decisions.
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10 February 2025 | 5 replies
You came to the right place to learn more about real estate investing!
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22 January 2025 | 2 replies
they're not magic.are you going to in-person / informal meetups?
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21 February 2025 | 7 replies
In my voicemail, it states if they are interested, to "press 1 to speak with a live person" or "press 2 to be added to our do not call list".
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10 February 2025 | 3 replies
This is rarely done as in most situations lenders will not consent, and at a minimum want the buyer to qualify AND personally guarantee.
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26 January 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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6 February 2025 | 5 replies
Buying a portfolio without experience just throws you in the deep end without the ability to learn and develop these things. 2.
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19 February 2025 | 10 replies
Even if you personally have just a modicum of design aesthetic sensibility, after reviewing 20 or 30 properties, you will quickly be able to get a sense of the winners.My 2 cents,Mike
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14 January 2025 | 3 replies
I appreciate your energy and readiness to learn.
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2 February 2025 | 9 replies
My 4 personal STR's are all in San Antonio did over $575k in 2024 and on track for $650k in 2025.I think you are generally looking in the right areas, but there are a few things to keep in mind:1) Stay inside of 1604.