Polat Caglayan
invest in detroit
8 January 2025 | 5 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.
Arif Gungorur
How to Do Zoning Research
16 January 2025 | 1 reply
Reliability of Regrid Zoning InformationIs the zoning data provided by Regrid accurate and up-to-date for development planning?
Mattin Hosh
Assist in Turnkey
9 January 2025 | 10 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.
Cameron Marro
Seeking Renovation Advice for My First Investment Property
27 January 2025 | 13 replies
Over the decades, today's interest rates are historically pretty typical.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
All pricing of rental prices is done with data.
Ken M.
NAR Says - Existing home sales fall to lowest level in nearly 30 years
24 January 2025 | 1 reply
NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
12 January 2025 | 10 replies
Appraisers are using MLS data and often it is lower than actual rents.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 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.
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
.: Quote from @Suman Nandi: ....leveraged RE appreciation historically has whooped unleveraged stock growth.....I just wanted to correct this here because "leveraged stock" which is a margin account, and trading on margin, I have seen interest rates of 12%/14%+.
Gloria C.
Best zip codes for investing in Huntsville?
10 January 2025 | 11 replies
The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).