
28 December 2024 | 7 replies
Sure you could hit a grand slam , once or twice in your life , but constant base hits bring in the same amount of runs on a steady basis

1 January 2025 | 14 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.

7 January 2025 | 16 replies
There's been a tremendous amount of new home construction in our area, even before Covid and the new houses have very small yards with no parking besides their 2-car garages.

26 December 2024 | 1 reply
Additionally, a lender deposit ranging from $20,000 to $100,000 is necessary, along with a rate lock-in fee that typically amounts to 2% of the loan amountIn the process of raising equity, it's crucial to be diligent while filling out necessary forms and securing required verifications.

24 December 2024 | 5 replies
There is a long laundry list of required repairs to be done in a short amount of time.

4 January 2025 | 28 replies
If we split the hill with 5 acres off, it will sell for the amount we paid for the full 25 acres.

27 December 2024 | 4 replies
I looked around and found lenders that will do a day out of foreclosure up to 50%LTV down to a 500 credit score but the loan amount minimum must be 300k.

31 December 2024 | 3 replies
With that information, your accountant can determine the amount of bonus depreciation your property is eligible for in relation to the new improvements.

25 December 2024 | 5 replies
My strategy (at the time) was to aggressively pay down my mortgage, and the recast allowed me to reduce the monthly committed amount.

30 December 2024 | 12 replies
The buyer comp agreement has to be a specific dollar amount or percentage.