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25 January 2025 | 155 replies
Probably notAs you already know, there are no guarantee's with investing which includes lending.
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7 January 2025 | 5 replies
run the numbers including holding costs and you will see why.
6 January 2025 | 1 reply
Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.
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19 January 2025 | 14 replies
No attempts to "pull one over" on anyone here--in fact this deal and partnership idea were brought to me by the other would-be investors (including the deal finder), because they're interested in making it possible for my wife and I to move closer to them (currently living in different states).
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12 January 2025 | 8 replies
Regarding the condo/townhome situation in Fort Myers vs Bonita Springs, I would say the more important things to focus on would be the association fees charged, what is included in those, and the rental restrictions of the association.
7 January 2025 | 1 reply
I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).
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6 January 2025 | 2 replies
After putting about $50k into the property, I’m just about $25k from meeting my completion goal that includes stucco, drywall, and siding.
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7 January 2025 | 8 replies
I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.
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7 January 2025 | 11 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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3 February 2025 | 37 replies
That property sold for $820K in that horrible condition.I'll update my post to include an example of format, thanks for the suggestions.