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5 February 2025 | 29 replies
If passive income and ease of management matter more than squeezing out every last dollar of equity, a turnkey property could be a great move for you.
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13 January 2025 | 14 replies
And lastly, what type of property do you want that next one to be?
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9 January 2025 | 15 replies
Last time I talked with them they did.
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18 January 2025 | 8 replies
But after nearly three months with no full payment, I feel like I need to take action.I recently told the wife (who I know works hard to support the family):“The last thing I want to do is evict you and leave you stranded, as that will stay on your record forever.
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8 January 2025 | 6 replies
Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit.
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13 January 2025 | 5 replies
It's a winning combination of direct access to industry experts coupled with building lasting relationships and get direct feedback on your strategies in small-group format.
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16 January 2025 | 40 replies
In fact, you have to go out of your way to get the business name in there (I actually had to reach out to support to figure out how to do it, and ended up changing it back to my personal name) by putting the business name in the first name field and leaving the last name field blank.So in your example, "Lumen" would have put "Lumen" into their profile as their first name, and left the last name field blank.
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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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24 January 2025 | 36 replies
Last I heard, they were pausing their "master lease" options and focusing more on regular property management.
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9 January 2025 | 2 replies
Welcome aboard @Nico Banuelos and congrats on your success over the last few years!