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8 January 2025 | 8 replies
I keep monitoring the properties in the Cleveland Heights area (where we are looking to buy) on Zillow and other web sites but I am sure there are other ways of finding properties.
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7 January 2025 | 16 replies
Having more people liable for the lease is usually positive in my experience.
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2 January 2025 | 9 replies
@Connor O'Brien CHA does release payment standards that can be found on their website but those are maximums, not guaranteed.
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2 January 2025 | 13 replies
The Suburban markets with New construction offering decent builder buy-down rates 5s %, and selling completed inventory homes to investors is an opportunity we’re pointing investors to, as well as Duplexes outside the city, that’s where we’re finding some of the best options to get closest to positive cashflow with 20/25% down.
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19 December 2024 | 6 replies
I'm currently using a website that I created 4 years ago, posting vacancies by creating a page and cross linking it to a form in my website for applications.
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2 January 2025 | 29 replies
.: Why does every company in the note servicing space have a website that looks like it was made in 1996?
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10 January 2025 | 28 replies
That would position you for the next project.
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6 January 2025 | 14 replies
On a positive note, 100% of the purchase price should be available for depreciation since there is no land associated with the purchase.I see a number of other double-wide manufactured homes available in GR, many priced well below $120K.
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14 January 2025 | 10 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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31 December 2024 | 14 replies
Facebook is the last place you want to find private money. whats unfortunate is real estate professionals are still advertising to us newbies Facebook is the place to find the lender.What’s even more unfortunate, @April Smalls, is that newbies are falling for it.A few years ago, someone created a fake website that impersonated our company.