Abigail Lincoln
First Home Investment
12 January 2025 | 0 replies
Renovated basement recently to prepare to rent out.
Augusta Owens
New member and new to real estate
7 January 2025 | 12 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.
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
A recent divorce could impact someone's credit score, but it shouldn't drive it from 700 to 545.
Alex Hall
Subto FHA problem
18 January 2025 | 49 replies
This is the 2nd thread recently where people espousing his teachings have had issues using sub2 (see the recent one here from someone who was warned about the high risk of the strategies he teaches about a year ago but said he should be trusted "because he had a TV show on A&E": https://www.biggerpockets.com/forums/50/topics/1225630-due-o... can't make this stuff up).
Penny Wilkinson
Looking to sell a duplex but having trouble determining value
16 January 2025 | 15 replies
Hi Penny i'm actually an investor that resides in Odessa as well and my realtor actually just sold a duplex recently and in that area they have several occupied duplexes and some for sale.
Tayvion Payton
LOI/ Purchase Agreement before viewing a property?
9 January 2025 | 2 replies
I was recently sent details about a 20-unit apartment complex that I’m interested in, but the seller's asking price doesn’t align with the numbers I’ve run.
Kathy Fettke
How to go after Growth Equity Group-Brett Immel, Preston Despenas
6 January 2025 | 38 replies
Is there a link to SDIRA scams and tactics recently.
Dean Sexton
New to real estate investing. Quick question
14 January 2025 | 4 replies
I just recently went under contract on my first property.
Matthew Strack
Family house deal or not?
17 January 2025 | 7 replies
Zillow is saying the house is worth $90k but recently a tree went through the back end of it and I was hoping to get some information on possible ideas or suggestions on what I should do about the situation.
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
11 January 2025 | 13 replies
Quote from @Frank Pyle: My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.