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17 February 2025 | 69 replies
I built one 2 years agot just under 3k sq ft but on a busy corner so it only brought 1.5 but that was the cheapest new build in Lake Oswego at the time that was not attached IE detached SFR.And in Vegas 3 mil while not brand new will buy you a pretty spectacular home..
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9 January 2025 | 2 replies
That’s because it can include renting furniture and decor to more fully transform a space.How Do I Know Which One To Pick?
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6 January 2025 | 4 replies
Brokers acting as paper pushers and contract writers will obviously charge alot less than a broker taking on all responsibilities including marketing.
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6 January 2025 | 13 replies
My application includes an acknowledgment that everything is true and complete.
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9 January 2025 | 116 replies
. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.
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7 January 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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6 January 2025 | 3 replies
Another property assessment included another home that had been demoed/removed before we bought the property.
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10 January 2025 | 21 replies
@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.
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14 January 2025 | 19 replies
2) You MUST screen these people before renting to them, but you can use FurnishedFinders screening tool3) Otherwise, you can put your choice of screening link in your ad or include in a response template in FF.
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7 January 2025 | 4 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.