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4 February 2025 | 11 replies
Focus on high-impact areas like the kitchen and bathrooms, as these often add the most value to a home.
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20 January 2025 | 9 replies
I'd highly recommend Matt Scott and his services to those that are serious about raising money.Jorge
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16 February 2025 | 11 replies
One of the first deals I did was take down a 26-parcel deal in a highly distressed neighborhood and listed it on the MLS.
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22 January 2025 | 3 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
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25 January 2025 | 2 replies
The seller said this is in a gentrified area so there's potential to rehab this effectively and get a high payout as shown in the last comp.
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22 January 2025 | 0 replies
Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.
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30 January 2025 | 7 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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23 January 2025 | 2 replies
Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!
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27 January 2025 | 6 replies
Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.
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25 January 2025 | 8 replies
I've stuck with the tried and true reasons I've heard to keep my search ranking high (quality photos, stellar reviews, updates to my listing) and that helps but in slow season, when I'm not willing to cut my rates as much as some of my competitors, it can be a ghost town.