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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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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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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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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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6 January 2025 | 38 replies
Other than the miscommunicated eviction, they have actually been very accomodating through the process and the issues with this one unit get resolved, then I would have nothing but positive things to say about the purchase.
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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.
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5 January 2025 | 7 replies
I love section 8 but it comes with positives and negatives just like any other strategy.
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6 January 2025 | 57 replies
WHEN (yes I mean WHEN not if because over 30+yrs it happens many times) when the market has a drop for whatever reason be it a bad election, war tensions, someone sneezed on there terminal and HFT's went bazerk selling, whatever the cause, WHEN the market drops you get a "Margin CALL" and next thing ya know there not just selling off those leveraged positions BUT there selling em off in the drop, at the lowest price, amplifying losses, all those returns going out the window in moments.
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9 January 2025 | 44 replies
We keep 8 figure working we are small time but if you check my website you can see what we do in a short over view..
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30 December 2024 | 5 replies
Main goal of All In One heloc or 1st Lien Position Heloc: Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you.