Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 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.
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
The IRS views this as a related-party transaction, and deductions like rent paid to yourself wouldn’t qualify.
Tori Rhodes
Real Estate Investor who
23 January 2025 | 6 replies
I bought my first house when I was 24 and now have 5 relatively small properties in Michigan!
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
I created an LLC to collect rent and manage any expenses related to the property.
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
12 January 2025 | 10 replies
Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.
Franc Seferi
Out of state investors
16 January 2025 | 0 replies
., or Boston, Philadelphia offers relatively affordable rent, or section 8 tenants, especially those who are relocating from more expensive areas.
Aaron Fischer
Transition to Inspira Financial Trust from Quest Trust Company
21 January 2025 | 3 replies
I was a relatively happy Quest Trust Company Gold Family client for over 10 years.
Patrick Brown
SBA loan when remainderman on life estate deed
23 January 2025 | 2 replies
There could be local considerations that are tax and inheritance related.
Charles DeRiso
Anyone hear anything about iintoo?
22 January 2025 | 7 replies
Their target audience are professionals with cash don't don't have the time or desire to become educated and are willing to pay/forgo some revenue for a experienced investment relations firm.
Katie Hendrickson
Seeking Advice: Selling and Financing a Geodesic Dome in Eureka Springs
12 January 2025 | 1 reply
I have a relative who owns and lives in a dome and she really loves it.