7 January 2025 | 1 reply
I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).
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7 January 2025 | 8 replies
I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.
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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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6 January 2025 | 57 replies
For example, Schwab, massive changes including what I consider bonkers high interest rates.
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4 January 2025 | 3 replies
I'm wondering how much specifics I need to include for each line item.
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7 January 2025 | 5 replies
@Ritu MahajanBuild a solid local team, including contractors, property managers, and lenders experienced with BRRRR.
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12 January 2025 | 8 replies
Regarding the condo/townhome situation in Fort Myers vs Bonita Springs, I would say the more important things to focus on would be the association fees charged, what is included in those, and the rental restrictions of the association.
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8 January 2025 | 27 replies
I'm a broker in 18 states, and none that I can think of require Disclosure of repaired issues, including NC.
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9 January 2025 | 107 replies
Maybe also include City and Zip Code as columns in the sheet.
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31 December 2024 | 10 replies
For example:-A tenant complained about the AC not cooling, so I replaced the entire unit with brand-new equipment.