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7 January 2025 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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12 January 2025 | 20 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 January 2025 | 3 replies
Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.
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2 January 2025 | 30 replies
I have properties all around popular spots, including smoky mountain.
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28 December 2024 | 4 replies
Interestingly, the records do include the downstairs space as part of the livable square footage.
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12 January 2025 | 20 replies
That would mean there is an approved site plan that includes roads, water, sewer, storm water, curb, gutter and any required buffers.
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30 December 2024 | 8 replies
This video is a great start and includes a lot of sample images (good and bad).
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30 December 2024 | 2 replies
Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).
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29 December 2024 | 2 replies
On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.
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2 January 2025 | 10 replies
You will need to deduct the expenses and include income on a schedule E of Form 1040.